International transport and logistics company Operail met its parent company's dividend expectations, paying out €9.5 million in dividends to the state in 2019, along with €2.3 million in income tax going to national coffers, the company says.
Raul Toomsalu, Operail management board chair, the decisions made a few years ago to invest in the company's expansion are the basis of the company's good financial results.
"Before, we were only dependent on rail freight, but now, the list of our services is much longer – we are building locomotives in Tapa, renting wagons that serve international freight transport, and our first locomotives have arrived in Finland," said Toomsalu.
Operail earned a record net profit of €9.6 million in 2019. The company had an operating income of €75.4 million during that time.
Operail Group includes wagon rental companies AS Operail Leasing and Operail Leasing Finland Oy, as well as Finnish railway transport company Operail Finland Oy.
Editor: Andrew Whyte