Company Overview of VAS Latvijas dzelzcels (state joint-stock company)
VAS Latvijas dzelzcels (state joint-stock company) provides railway infrastructure management and logistics services to business and individuals in Latvia. The company offers freight transportation and international passenger transportation; intermodal-door to door, container trains, warehousing, insurance, and customs clearance services; infrastructure services; and registration and record of privately owned freight wagons. It also provides public electronic communications services, such as data transmission services, services of leased international and domestic lines, voice telephony services, and equipment deployment services. In addition, the company manufactures and repairs rolling sto...
Gogola iela 3
Founded in 1919
371 67 234 940
371 67 820 231
Key Executives for VAS Latvijas dzelzcels (state joint-stock company)
President of A E C Latvian Section, Technical Director of LDz Ritosa Sastava Serviss Ltd and Chairman of Latvian Railwayman Society
Head of Division of External Relations
Head of Development Planning and Project Management Division
Compensation as of Fiscal Year 2016.
VAS Latvijas dzelzcels (state joint-stock company) Key Developments
Latvijas Dzelzcels Announces Audited Earnings Results for the Year of 2016 and for the First Quarter of 2017
Apr 27 17
Latvijas Dzelzcels announced audited earnings results for the year of 2016 and for the first quarter of 2017. For the year, the company reported turnover of EUR 192.6 million, down 11.6% from 2015, and its profit shrank 2.3 times to EUR 900,000. Revenues had dropped due to the decline in cargo turnover but profit fell because a different methodology was used to prepare the annual financial statements.
For the first quarter of 2017, the company reported turnover of EUR 53.99 million, growing 4.5% year-on-year, and profit soared 96% to EUR 13.13 million.
Latvijas Dzelzcels Announces Earnings for the First Nine Months of 2016
Nov 16 16
Latvijas Dzelzcels announced earnings for the first nine months of 2016. For the period, the company turnover of EUR 139.7 million, down 15.6% from the same period last year, while its profit dwindled to EUR 1.58 million. The company’s main source of income was the fees Latvijas Dzelzcels has been charging for the use of railway infrastructure, as they ensured 68.4% of net turnover.
Latvijas Dzelzcels Announces Consolidated Earnings Results for the First Quarter of 2016
May 3 16
Latvijas dzelzcels announced consolidated earnings results for the first quarter of 2016. For the quarter, the company reported profit before taxes of EUR 5.87 million and turnover was EUR 51.6 million.
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