On the other hand, CFR Marfa’s loss shrank by around RON10 million, at RON23.5 million, according to company’s data sent at ZF request.
CFR Marfa’s representatives explained the lower revenue was caused by the decrease in the transported volume of merchandise for Oltenia power plant, on delays with completing a charcoal transport auction as well as on reducing the merchandise quantity presented upon transportation by the other existent clients.
Romanian state-owned railway freight carrier CFR Marfa won the bid to transport coal to one of its biggest clients, energy producer CE Oltenia, so that it will continue to transport approximately 18 million tons of coal over the next three years.
In 2015, CFR Marfa mainly aims to invest in upgrading seven locomotives and 40 wagons. Also, the company wants to repair around 2,500 wagons.
In 2015, CFR Marfa forecasts revenue of RON871.8 million, the lowest level over the last six years. It aims to switch to a net profit of RON3 million, from over RON1.6 billion loss a year before.
CFR Marfa, controlled by the Transport Ministry, is Romania’s largest freight carrier, with a market share of over 50%.
The company posted profit in 2014, for the first time in the last six years, but its positive result was below RON1 million, from loss of over RON1.6 billion between 2009 and 2013.
(English version by Manuela Panescu)