The loss reduction was triggered by staff cost cuts, as well as by the decrease in diesel oil consumption, CFR Calatori said in a press release Tuesday.
The company has downsized its staff from 14,028 in 2012 to 13,891 and has reduced its credit lines by RON30.5 million compared with the beginning of the year.
CFR Calatori is also seeking to implement strategies to attract European funds.
The Transport Ministry decided recently to raise rail fares by up to 10% starting September 1.