East Coast Rail returns to profit and repays government early

first_img Show Comments ▼ East Coast Rail returns to profit and repays government early whatsapp whatsapp Thursday 4 November 2010 10:55 pm Tags: NULL center_img DIRECTLY Operated Railways (DOR) reported profit of £1.2m yesterday as a result of a three per cent increase in passenger numbers, but chief executive and chairman Elaine Holt warned more work was required before the operator was fit to be returned to private hands in 2012.The company, created by the government in July last year, when it effectively re-nationalised the East Coast Mainline, said turnover in the nine months to 31 March amounted to £233.8m while operating expenditure stood at £232.3m for the period.Holt said the company’s financial performance for the period had been strong and that it was “exceeding its targets.”She added the company had been able to pay back more money to the government meaning the business was now self-funding.More than £10.3m of new investment had been committed by DOR for the East Coast business including developments at several mainline stations, she added.DOR said May 2011 would see the introduction of the biggest timetable change for the railway line in 20 years, which would make an extra 10,800 seats available each weekday and provide 20 additional services. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more