NRZ revenue drops

NRZ revenue drops
Published: 26 February 2014

The National Railways of Zimbabwe's revenue in the 8 months to August 2013 dropped by 11% to $54.74 million from $61.96 million in the comparable period the prior year as the state-owned institution continued to lose business due to poor and unserviced infrastructure. 

According to latest statistics from Zimbabwe National Statistical Agency, the company's revenue at half year was $36.1 million averaging around $6 million per month. 

However, there was significant growth from July and August which pushed the average revenue to about $7 million per month. 

Minerals and ores remained the major driver of revenue at $22.81 million, a decrease of 14.81% from $26.78 million in 2012. 

Coal was the major driver accounting for more than half of the revenue. 

Agricultural produce was at $8.22 million while coaching or passenger services were below $3 million in the period.

- herald
Tags: NRZ,

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