The Chairman of the Board of Directors of Iraqi Land Transport (SILT), listed on the Iraqi Stock Exchange, said the companys revenues jumped to more than 51 billion dinars, compared with 38 billion dinars in 2016.

Emad al-Asadi said in a statement on Thursday that the revenues achieved during December 2017 amounted to more than 5 billion dinars ($ 4.18 million).

Asadi pointed out that the debts of the company to the ministries of "electricity, agriculture, defense, Diyala, the Electoral Commission" exceeded 30 billion dinars.

He added that the company achieved a jump in total revenues over the previous year, especially during the last quarter of 2017.

Al-Asadi attributed the jump in revenues to the increase in financial returns.