SOCHI, May 25 (RIA Novosti) - Russian Railways (RZD), the country's railroad monopoly, said Friday its net profit calculated to Russian Accounting Standards (RAS) grew by 160% year-on-year in 2006 to 26.4 billion rubles ($1 billion) mainly because of the re-evaluation of subsidiaries' assets.
RZD will allocate 10% of the real money flow, or 1.051 billion rubles ($40.6 million) for dividends, spokesman Fedor Andreyev said.
Deputy Prime Minister Alexander Zhukov, who heads the RZD board, praised the company for good performance in 2006.
