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Article: Czech Republic : CD Cargo posts a CZK 6 million pre tax profits in Q3.

Article from:
TendersInfo
Article date:
October 30, 2009
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Byline: pinto03

Czech News Agency reported that CD Cargo, a subsidiary of national rail operator Ceske drahy in charge of freight transport, returned to profits in Q3 for the first time this year, posting a CZK 6 million pre tax profit against a CZK 371 million pre tax loss in the first half.

Mr Zdenek Vetrovec spokesman of the company said that "The positive results were backed by a turn around in the volume of industrial production, in particular in September, and higher demand for transport. The data signal a change in trend when after almost a year of falls of the whole transport market, signs of the market's revival ...

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