Business News

Rail Operator Makes EUR 17M in Net Profit in 2013

Ljubljana, 17 April (STA) - The group net profit of rail operator Slovenske železnice soared from EUR 2.4m in 2012 to just over EUR 17m in 2013, the company said on Thursday. It generated EUR 502m in operating revenues last year, up 11% from the year before.

The rail operator's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at EUR 56m, which is an increase of more than 15% from 2012. Operating profit more than doubled to over EUR 19m.

Slovenske železnice plans to make more than EUR 22m in operating profit this year. The company's debt, which stands at some EUR 330m at the moment, has decreased by around EUR 30m since the beginning of the year.

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