PKP in 2015: PLN 222.9 mln income and PLN 1.77 bln debt

The Polish State Railways (PKP SA) recorded a net profit of PLN 222.9 million in 2015, compared with PLN 219 million in 2014. At the end of 2015, debt reached PLN 1.77 billion and must be paid in full by 2022. However, as a result of completed privatization transactions (including TK Telecom, PKP Energetyka, PKP Cargo), the company had liquidity and debt repayment implemented. "It is important to distinguish between the terms 'net debt' and 'actual debt' (loans, bonds), which came from privatization," a statement informed.