Rail Company on Track

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Rail Company on Track

Rail operator TrainOSE produced a significant surplus, according to a company press release on February 14.

In a statement announcing its financial results for 2011, the operator said that it had produced a surplus of € 60,402 in December 2011.

Overall, the company said it managed to dramatically decrease its deficit to € 33 million - a reduction of 82% as compared to 2010, when its deficit was € 187m. The company now believes it is on track to break even in 2012. The operator added that the company's improved economic performance in 2011 can be attributed to a recovery plan consisting of staff relocation, restructuring of routes and upgrading of other services.

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