Operail contributed 11.8 million euros to the state budget revenue
The international transport and logistics company Operail met the owner’s dividend expectations and paid 9.5 million euros in dividends and 2.3 million euros in income tax to the state.
According to Raul Toomsalu, Chairman of the Management Board of Operail, 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.
In 2019, Operail earned a record net profit of 9.6 million euros and the company’s operating income amounted to 75.4 million euros.
In addition to the parent company (AS Operail), the Operail Group also includes the wagon rental companies AS Operail Leasing and Operail Leasing Finland Oy and the Finnish railway transport company Operail Finland Oy.