Refer keeps prejudice, Portugal Roads increases profit – publico

                 

                         
                     

                 

 
                         

The accounts of Refer and Roads of Portugal, which will soon be together in the same entity, followed different paths over the past year. The Refer, responsible for the rail network, had a loss of 89 million euros, the same figure recorded in 2013. Already the Portugal Roads increased profits, which totaled 17 million euros.

                     

                          In a statement of reporting, on a day of simultaneous disclosure of accounts, Refer reported that s operating income rose 13% to 192 million euros. In addition, staff costs have shrunk 10% over the previous year year, “depending on the average actual fall” and also because the company had disbursed in 2013 five million euros relating to the replacement the holiday pay of 2012. The number of permanent employees fell slightly from 2546 to 2422.

The traffic on the railroad grew 3%, driven by a rise of 11% in freight transport.

The company also said that a capital increase in the amount of 1035 million euros possible to reduce the debt by 743 million to 6418 million.

Have the side of the roads of Portugal, profits rose 12%, from 15 to 17 million euros. For this result, contributed revenue growth, which exceeded 800 million euros. Toll revenue increased 9% to 262 million.

The two companies are about to merge in Portugal Infrastructures. The president of the new company, António Ramalho, provides that the merger happens to May 1 or June 1. Cited by Portuguese news agency Lusa said “May 1 was a beautiful day to be the merger by the labor day.”

The manager assured in a press conference that “the merger does not change no circumstances the situation of workers “and recalled that there has been a reduction in staff in both companies. “We will do what is normal from the point of view of management. We had a downsizing, either in Portugal or in Refer roads in recent years, which has been made with the natural agreement of the workers themselves and will keep this policy for the future, “he said, quoted by Lusa.

António Ramalho anticipated the path of termination by mutual agreement: “We will find the right number of employees for the role they have to play, which will be a natural by management or the side of the signings either side of certain terminations by mutual agreement, which will have to be framed. “