BRATISLAVA, November 25, (WEBNOVINY) — The state-run passenger railway company Zeleznicna Spolocnost Slovensko (ZSSK), a.s. reported a profit of EUR 6.2 million for the first three quarters of this year although it projected a loss of EUR 11.9 million. The company posted a loss of EUR 47.4 million in the same period of last year. “This positive economic result chiefly resulted from operator’s cost saving,” ZSSK spokeswoman Jana Gresnerova explained the operator’s positive result for SITA news agency.
Overall revenues totaled EUR 236.7 million in the January-September period exceeding the plan by 1.1 percent. Overall costs in the monitored period reached EUR 230.4 million, whereof the fee for the use of railway infrastructure paid to ZSR accounted for almost EUR 34.6 million. The company registered savings compared with projection in almost all cost items but costs on consumed traction energy, Gresnerova informed.
Zeleznicna Spolocnost Slovensko plans to close this year with a loss of EUR 7.5 million, which has also been projected in company’s business plan for this year. The state is to pay EUR 214.7 million to the company for the passenger transport operation in public interest this year. In the first nine months of this year, this subsidy reached EUR 153.75 million. The passenger rail company invested EUR 82.9 million in the monitored period while 98.6 percent of this sum was spent on rolling stock.
The railway company Zeleznicna spolocnost Slovensko, a.s. started its operations as a separate enterprise at the beginning of 2005 after the former railway company Zeleznicna spolocnost, a.s split into two entities. The company took over the activities of passenger rail transport and has share capital of EUR 212.44 million.
SITA
