Refer aggravates injury in the first half to 48.7 million … – Economic

Refer aggravates injury in the first half to 48.7 million … – Economic

Lusa

18:02

A public company closed the first half with a loss of € 48.7 million, an increase over the same period, during which the management of the rail network received an extraordinary income.

The public company, which will be object to merge with Highways Portugal and will result in the Infrastructure Portugal, explained that in the first half of 2013, reported a value of tax receivables amounting to EUR 23.4 million, which reduced the loss to 17.4 million euros, exercise not made in 2014

In the first six months, the operating result improved Refer />
euro negative.

to June, the company led by Rui Loureiro able to reduce operating expenses by 8% to € 93.5 million. The largest contribution was originated by a decrease in personnel expenses, which were cut by 19% (nine million euros), after the salary reduction measures envisaged in the State Budget 2014 and the reduction of the effective.

In late June, the company had 2,531 employees, roughly the same as at the end of 2013 (2,540) and less than 244 in the previous year.
In a statement, Refer added that, until June, operating income remained stable at around 84 million euros.

“For this stability contributed income arising from the rate of use by the 4% increase in the actual use of infrastructure when compared with the same period last year, and other income, “adds the company public.

The president of Roads Portugal (EP), António Ramalho, will lead the merger between the Refer -. national railway network and the EP, resulting in the creation of a single company, called Infrastructure Portugal

In order that the Lusa had access last week, the Government António Ramalho assigns the coordination of the planning committee, composed of six elements, which in practice correspond to the central body of the first body of directors of the new company.

The planning commission has José Ribeiro dos Santos and Alberto Diogo, both administrators Refer, and Jose Serrano Gordo and Nogueira Vanda, the EP, and even the economist José Carlos Osorio. Out of commission is the current president of the management of Refer, Rui Loureiro

The Infrastructure Portugal will have more than 4,000 workers -. Including the 1090 and 2955 Portugal Roads of Refer – and will be the manager of 13,515 miles of highway and 2,794 miles of railroad.