On the other hand, the company’s revenues fell 10.6% to RON1.04 billion, from RON1.16 billion in January-June 2013, the company said in a statement.
In the same period, CFR’s expenses fell 15.4% to RON882 million.
According to the company’s statement, CFR has no debt to the state budget or the social security budget, while commercial arrears fell 36.41% on the year in the first six months.
CFR SA is owned by the Transport Ministry and manages a railway network of 20,077 kilometers, ranking seventh by size in Europe. (EUR1=RON4.4126)