9.7 C
March 25, 2023

CFR SA: operational profit of RON 166.1 M in first 11 months

The National Railway Company (CFR SA) recorded around RON 166.1 M  operational profit (EBITDA) on the first 11 months of 2013, reads a company’s release sent to AGERPRES.
‘Given that at the last budget rectification the company has received no subsidy for the infrastructure’s maintenance and functioning, through the operational measures adopted on the short term by the current management of the company (appointed in April 2013), all the debts to the state budget and the social insurance budget (unemployment, health care and pensions) were paid and the company stayed on profit, according to the accountancy data on the first 11 months of 2013’, the CFR SA says.
As compared to the operational profit recorded on March 31, 2013 – RON 126.5 M, the profit on 11 months is bigger by 31.2%. The arrears were cut by 26.5% against those recorded on March 31, 2013, whilst the receivables dropped by 26.9%, as compared to those recorded at the end of T1, 2013.
CFR SA also says that all of the 37 conditionalities due in 2013 foreseen in the EBRD 44.271 Loan Agreement signed with the CFR SA and the European Bank for Reconstruction and Development were fulfilled. (AGERPRES)

Related posts

Porsche Finance Group, under new leadership

Nine O' Clock

E&Y: 55 pc of Romanian business leaders predict a wage increase of 5-10 pc in 2013

Nine O' Clock

China’s foreign reserves surge past USD 3 trillion

Nine O' Clock