The financial results of TCDD Tasimacilik by the end of first year after separeted from TCDD was being wondered, and the results are finally published.
In the beginning of this year, TCDD Tasimacilik had announced a growth of 10% carrying 28.5 mn tons of freight. This was very close to record of last 10 years. Thus the financial results of the company was also wondered where goverment support is planned to end in forthcoming years.
After getting one third of TCDD staff and almost the whole fleet, and becoming responsible for infrastructure costs limited with the network access fee, TCDD Tasimacilik made a loss of TL 630 mn (€ 100 mn) in its first year.
TCDD Tasimacilik realized 97% of its revenue targets in 2017 and made a revenue of TL 1.85 bn (€ 300 mn). It’s remarkable that TCDD Tasimacilik hit the revenue targets in a year where a big European container operator ended its service to Turkey, Samsun stretch and Ankara pass was closed, and private train operators took over some business from TCDD Tasimacilik in the last month of the year.
On the other hand, the company had put a target of earning 82% of its expenses, however expenses were exceeded the targets. Revenues could pay 75% of all expenses which was TL 2.54 bn.
As being prepared the competition with private train operators, TCDD Tasimacilik spends extra effort to increase its volume. The company organized speed freight service on Kars-Tbilisi-Baku line, started giving connected trucking service for one of its clients, supported new projects like domestic car transport.
TCDD Tasimacilik has the target to become a profitable company in two years.
Cover Photo: Steve Hobson ©
Categories: Railway Companies