THREE-and-a-half years after the island's 345km north-south high-speed line opened for business, Taiwan High Speed Rail Corporation (THSRC) has announced its first ever net operating profit. At its annual shareholders' meeting on June 23, THSRC reported operating revenues for 2009 of $NT 23.3 billion ($US 728.8 million) and a net operating income of $NT 5.6 billion. Operating revenues rose by 1.2%, while operating costs, excluding amortisation and depreciation, fell by 7.5%.