Oct. 9 (Bloomberg) -- OAO Russian Railways said 2008 net income fell 47 percent from a year earlier to 76.4 billion rubles ($2.6 billion), Vadim Mikhailov, the company’s senior vice president for finance, told reporters in Moscow today.

Revenue in 2008 was 1.2 trillion rubles, an increase of 18 percent from a year earlier, Mikhailov said. The results were calculated to international standards, the company said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

Last Updated: October 9, 2009 03:23 EDT