Romania’s railways operator CFR profit up by a third
Romania’s state railways company CFR registered a net profit of EUR 35.8 million, in the first half of this year, 29% higher compared to the same period of 2013. The company’s revenues were down 10.6%, to EUR 233.4 million, but…
Romania Insider · Journalist
· Updated · 1 min read
Romania’s state railways company CFR registered a net profit of EUR 35.8 million, in the first half of this year, 29% higher compared to the same period of 2013. The company’s revenues were down 10.6%, to EUR 233.4 million, but expenditures also decreased by 15.4%, to EUR 233 million. Its commercial debt went down by 36%, and the company had no debt to the state budget. CFR manages a network of 20,000 kilometers of railways, the seventh largest in Europe. IT services for Romanian railway company CFR under EUR 1.2 mln contract Romanian railway company CFR plans to sell over 35,000 tonnes of scrap metal
