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Article: Hungarian state railways MAV expects to turn around losses in 2008 on MAV Cargo sale.
- Article from:
- Hungary Business News
- Article date:
- December 20, 2007
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Hungarian state railways MAV expects to turn around losses in 2008 on MAV Cargo sale
BUDAPEST. DECEMBER 20. INTERFAX CENTRAL EUROPE - Hungarian state railways MAV expects to become profitable in 2008, thanks to a one-off item coming from the sale of MAV's cargo subsidiary MAV Cargo in early 2008, CEO Istvan Heinczinger told a press conference on Thursday.
"Thanks to the sale of MAV Cargo, our consolidated balance will be positive in 2008," Heinczinger said.
A consortium of Austria's Rail Cargo and Hungarian private rail operator GYSEV were declared the winner of the MAV Cargo tender in late November, with a bid of HUF 102.5 bln, with financial ...