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.

Get daily Slovak news directly to your inbox

Top stories

Milan Mazurek and Milan Uhrík in the foreground are significant faces of ĽSNS leaving the party

Far right splits: prominent faces leave after Kotleba changed statute

Analyst says that strengthening of extremists is unlikely.

20 h
Police control at the border crossing in Drietomá (Trenčín Region).

Stricter curfew rules come into force, police intensify checks

Negative test result required when going to work or doing sports in nature.

1 h
Igor Matovič celebration his election victory on March 1, 2020.

It was a long time ago and it never happened anyway

How much of the present will be intelligible through the kaleidoscopic lens of digital media in just a few years – or even months?

20 h