Q1 2023 PKP Cargo SA Earnings Presentation Transcript
(technical difficulty) we, therefore, have reasons to be satisfied and to make cautious forecast for the upcoming quarters. And how do the specific financial results of PKP CARGO look? In Q1, we carried 23.3 million tonnes of cargo, having done some -- we've done 6.417 billion tonnes of kilometers. So our revenue with customers under contracts have grown year-by-year by 34% and amounted to PLN 1.564 billion, generating PLN 104 million of net profit in comparison to PLN 42 million of losses in 2022. Under an EBITDA result of PLN 359 million and profitability of 23%. The operating costs have grown by 16% to PLN 1.391 billion. The beginning of this year was also a period of high scale investments, above all in rolling stock from multisystem locomotives and building transshipment
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