The first train operator of Turkey, TCDD Tasimacilik, targets profit by 2020.
This year will be the first time TCDD Tasimacilik will publish its financial reports. While everybody waits for the he profit/loss statement curiously, the top management of TCDD Tasimacilik has the target of making profit within a few years.
Despite the company splits into two as infrastructure and train operators, TCDD Tasimacilik still has most of the income except ports. Freight is expected to increase by 2 million tons. New HST sets will increase ridership this year. Thus, the income of this year will most probably reach to TL 2 bn.
On the other hand, expenses will change entirely. An important expense item is personnel. Two third of personnel remains at TCDD. The infrastructre maintanance costs are also on TCDD. Thus, TCDD Tasimacilik will most probably get about TL 3 bn of TL 4.5 bn of all expenses of last year. On the other hand, TCDD Tasimacilik will start paying infrastructure fee this year which is expected to be over TL 100 mn.
These figures show that TCDD Tasimacilik is still far away from profitability this year, but the expense/income ratio will be over 60%.
Following years will surely be harder for TCDD Tasimacilik having the target of profitability. Profitability needs a serious increase in efficiency while increasing the total income both in freight and passenger.
Cover Photo: Onur Uysal ©