Ukrzaliznytsia suffered a $62 million net loss in Q1, was involved in a fraud scheme

Ukraine’s railway monopoly Ukrzaliznytsia suffered a net loss of Hr 1.7 billion ($62.4 million) during the first quarter of 2021, according to a financial report published on June 22. 

The loss is a continuation of last year’s performance at the end of which Ukrzaliznytsia reported an annual net loss of Hr 11.9 billion (around $435 million) in 2020 despite ending the previous year with Hr 3 billion (around $109 million) in net profit.