Askar Mamin, chairman of KTZ, said he expected the company to post a net profit of at least 65 billion tenge ($441 million) in 2011, up from the 61.4 billion tenge that it has forecast for the 12 months just ended. Mamin, speaking at a Transport Ministry meeting, said preliminary data showed KTZ had increased its 2010 net profit by 42 billion tenge on 2009's result.
KTZ increased rail delivery volumes by 8 percent last year, compared with 2009. The company last year launched a $700 million, 10-year Eurobond at a rate of 6.375 percent. (Reuters)