CORPORATE NEWS

Slovak Railways doesn't reach planned income

The state-owned Slovak Railways (ŽSR) did not reach its planned 1 billion Sk income as it earned 20.4 billion Sk in sales, while costs were 20.2 billion Sk in 1996, according to information released by the company. One reason was that ŽSR recorded 500 million Sk lower sales from freight transportation compared to 1995. The decline followed from a 4-5 percent lower volume of transported goods and higher than expected discounts.

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