Business News

Rail Operator Reports EUR 7M in H1 Net Profit

Ljubljana, 12 August (STA) - The state-owned railway company Slovenske železnice reported EUR 4.26m in operating profit for the first half of the year and a net profit of EUR 7m, which compares to EUR 7.3m loss in the same period last year.

The net profit is an eight-million-euro improvement on the planned figure, the company said in a press release on Monday.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) totalled EUR 23m and operating revenues were up by nearly 9% to EUR 224.6m in the first half of the year.

The company continued with personnel restructuring. The headcount at the end of June numbered 8,272, or 345 fewer than a year ago. The value added per an employee rose by 7% to EUR 31,879 at the annual level.

Slovenske železnice transported 8.2m tonnes of freight in the first half of the year, which is on a par with last year's figure and 1% above plans. Passenger numbers were up 4.8% to 8.16m.

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