JSC Russian Railways in the 1 half of 2009 continued to work in a recession, production and business activity and, consequently, reducing the volume of freight and passenger traffic, said RZhD. The Company's revenues from operations for RSA for the period amounted to 483 billion 130 million 772 thousand rubles, which is 8.8% lower than during the same period of 2008. Net loss amounted to 13 billion company 745 million 455 thousand rubles of profit against a year earlier.

factors in the loss, have a negative change in the macroeconomic situation:

- reducing demand, and transport activity of the population, leading to a substantial reduction in passenger rail transportation;

- Ministry of Economic Development has projected an increase in inflation in Russia in 2009;

- exchange rate differences;

- exceeding the Government's limit of electricity tariffs in the regulated sector.

At the moment, the company developed and implemented a program to reduce costs for 2009, which provides for reducing the cost of 173.1 billion rubles. Among measures to achieve financial balance of the JSC RZD - lowering the cost of consumption goods, reducing the volume of capital repair of fixed assets, depreciation reduction, optimization of management and administrative costs, there is a communication company.

At the end of 2008 revenues of JSC Russian Railways was $ 1 trillion 101.7 billion rubles (up 12.9% from the 2007), net profit - 13,4 billion rubles.

The authorized capital of OAO Russian Railways is 1 trillion 583 billion 197 million 189 thousand rubles. It is divided into 1 billion 583 million 197 thousand 189 ordinary registered shares of nominal value of 1,000 rubles each. The sole shareholder of Russian Railways is a Government of the Russian Federation.
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