Financial Archives - Page 255 of 388 - International Railway Journal

Financial

March 27, 2019 | Financial

California issues $US 600m high-speed rail bond

CALIFORNIA sold $US 600m in bonds to fund the California high-speed rail project on March 26, as part of a wider $US 843m bond sale.

March 27, 2019 | Middle East

Israel Railways reports $US 91m loss in 2018

ISRAEL Railways (IR) reported a loss of Shekels 330m ($US 91.1m) in 2018, a sharp decline from the loss of Shekels 30m in 2017, a result which has prompted the company to introduce a series of cost-saving measures to improve the situation.

March 25, 2019 | Financial

PKP Cargo records 125% profit increase in 2018

POLISH rail freight operator PKP Cargo recorded a net profit of Zloty 184m ($US 48.4m) in 2018, up 125% year-on-year from Zloty 82m in 2017 according to its annual results, which were published on March 21.

March 22, 2019 | Financial

Greenbrier second quarter earnings decline

FREIGHT wagon supplier Greenbrier announced its preliminary financial results for its fiscal second quarter, ending February 28, on March 22, and said it expects revenue of approximately $US 650m and unadjusted earning per share (EPS) of $US 0.07 to $US 0.09 per share.

March 20, 2019 | Financial

Cost efficiencies drive SBB to record profit

SWISS Federal Railways (SBB) reported a record year in 2018, with operating revenue up by 2.2% to SFr 9.6bn ($US 9.6bn) and consolidated profit increasing by 42.5% to a record SFr 568.4m. This was achieved in spite of a 1.3% increase in operating expenses to SFr 9bn.

March 19, 2019 | Financial

Stadler Rail to launch IPO

STADLER Rail confirmed on March 19 that it is preparing to launch an IPO in the coming months, subject to market conditions.

March 18, 2019 | Financial

RZD sells stake in freight operator Refservice

RUSSIAN Railways (RZD) has completed the sale of a controlling stake in freight subsidiary Refservice, which specialises in transporting perishable goods, to RegionTransServis.

March 12, 2019 | Financial

ZSSK returns to profit after eight years in the red

SLOVAKIA national passenger operator ZSSK has posted a slim profit of €6000 for 2018, its first positive result in eight years, reversing a budgeted loss of €2m, after Ebidta increased from a budgeted €84.2m to €91.3m.

March 8, 2019 | Financial

MTR reports slight drop in revenue and profit

HONG Kong-based operator MTR Corporation recorded a 2.7% drop in revenue in 2018, down from $HK 55.4bn ($US 7bn) to $HK 53.9bn, resulting in a 4.3% decrease in profit from $HK 16.8bn to $HK 16.1bn. The decrease in overall revenue was mainly caused by a sharp fall in revenue from MTR’s mainland China property development business, which dropped from $HK 6.9bn to $HK 60m.

March 7, 2019 | Financial

BLS Cargo takes over Crossrail

SWISS freight operator BLS Cargo has signed an agreement to acquire 100% of the Belgian freight operator Crossrail from the international logistics service provider Rhenus. The deal, which was signed on March 5, has been backdated to January 1, and is subject to approval by the competition authorities. The purchase price has not been revealed.

« Previous 1 … 253 254 255 256 257 … 388 Next »

Rail market intelligence to unlock your business potential.

Sign up for the IRJ Rail Brief Newsletter