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Georgian Railway LLC

19 March 2012

Georgian Railway Announces Financial Results

Georgian Railway LLC, Georgia's integrated railway company, announces its financial results for the year 2011.

Revenue in 2011 was GEL 477.4 million, representing an increase of 18% over revenue in the year 2010.

Revenues from both freight traffic and passenger traffic increased in 2011. Freight traffic revenues increased by 16%, while passenger traffic revenues increased by 4%.

Net profit for the year 2011 amounted to GEL 174.4 million, an increase of 72% compared with the net profit of GEL 101.5 million for the year 2010.

Full Financial Statements are available at the company's website, at http://railway.ge/files/audit/2011.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

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