Spectator on facebook

Spectator on facebook

Cargo Slovakia sees rise in operating profits and fall in overall losses

State-owned railway freight carrier Cargo Slovakia (ZSSK Cargo) recorded an operating profit of €29.1 million in first half of 2011 the TASR newswire learned from ZSSK Cargo General Director Pavol Ďuriník on Wednesday, July 20.

State-owned railway freight carrier Cargo Slovakia (ZSSK Cargo) recorded an operating profit of €29.1 million in first half of 2011 the TASR newswire learned from ZSSK Cargo General Director Pavol Ďuriník on Wednesday, July 20.

"The company saw a year-on-year growth of €28.8 million, with the volume of transported cargo remaining the same. This improvement is the result of gradual cuts in operational costs," said Ďuriník. The total business result over the first six months shows a loss of €6.2 million, which amounts to a year-on-year improvement of €30.1 million. "The year-on-year growth in positive operating business results and the reduction of loss in total business result by 83 percent clearly indicate that the company is on the path to financial stabilisation," he added.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump

Last Week in Slovakia: People marched for LGBTI rights in Bratislava Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Rainbow Pride in Bratislava

Government has no plans to officially commemorate the victims of the 1968 invasion of Czechoslovakia

Presidents of the Slovak and Czech Republics will take a train ride to mark the founding of the Czechoslovak State.

Law Faculty of Comenius University in Šafárikovo Square, where the civilian killings by foreign armies on August 21, 1968, were most concentrated.