French rail profits back on track

21st September 2004, Comments 0 comments

PARIS, Sept 21 (AFP) - The French state-owned railway system was back in the black in the first half of 2004, posting a parent net profit of EUR 43 million (USD 52.4 million) after losing EUR 243 million in the first half of 2003, La Tribune economic news daily reported Tuesday.

PARIS, Sept 21 (AFP) - The French state-owned railway system was back in the black in the first half of 2004, posting a parent net profit of EUR 43 million (USD 52.4 million) after losing EUR 243 million in the first half of 2003, La Tribune economic news daily reported Tuesday.  

Operating profit at SNCF rose to EUR 92 million versus an operating loss of EUR 276 million a year earlier, the newspaper said.  

The railway company is due to release its first-half results on Wednesday.   Given the strong first half showing, La Tribune said SNCF should be able to at least affirm if not raise its targets for full-year 2004.  

At the group level, SNCF had a net profit of EUR 50 million in the first half, reversing a net loss of EUR 318 million a year earlier, with operating profit at EUR 87 million after a loss of EUR 242 million.

 

© AFP

 

Subject: French News

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