In an interim report sent to the Portuguese Securities Market Commission (CMVM), the public company indicated that "the increase in sales and services (€4.8 million) contributed fundamentally to this improvement of €5.5 million, driven by the growth in traffic revenues".
Personnel costs (excluding severance payments) increased by €600,000.
The railway company also said that it carried more than 66 million passengers in the first half of 2019, a growth of 4.4 million passengers (7.1%) compared to the same period of the previous year.
"Traffic income was close to €130.2 million, a growth of 4.4% in relation to the same period of the previous year (€5.5 million more)", the document sent to the CMVM said.
At the end of the first half of 2019, CP had 2,615 employees, 72 fewer than in the same period of 2018 and 43 fewer than at the end of 2018, "due to the number of redundancies having exceeded the initially estimated value and the fact that it was not possible to carry out the planned recruitment processes".
They need to be part privatised and start making a profit instead of being a burden on tax payers!
By Anna from Madeira on 28 Aug 2019, 22:52