Portugal Infrastructure closed 2015 with 12.5 million profit – TVI24

Infrastructure Portugal (IP) closed 2015 with a profit of EUR 12.5 million compared with negative sets of Portugal Roads and Refer 72.6 million in the previous year.

in a press conference to present the first annual results of the IP, after the merger on 1 June, the president of IP, Antonio Ramalho, highlighted the improvement of the results in 85 million euros over the same period, mainly the result of increase the income of the Road Sector Contribution (CSR).

revenue growth of CSR, due to increased rate of two cents per liter of fuel in 2015 and increased consumption, reached 23% , totaling 635.7 million euros in 2015, compared with 516.7 million euros in the same period of 2014.

As for the toll revenue fell 1% in 2015 to 258.8 million euros, due to the transfer of revenues from concession Beira Interior to the dealership, under the new contract.

Without the effect of this operation, the toll revenues would have increased by 9% in 2015, said the manager.

in 2015, he added, rail usage rates (via Refer) fell 9% to 68.5 million euros, a result of a price reduction policy as an incentive for the competitiveness of the way rail.

IP’s operating costs increased by 98.5 million euros, “totally dependent on increased spending on construction of the Marão Tunnel representing 136.6 million euros,” lying on stage finish.

by the way, António Ramalho told reporters that there are already date for the opening of the largest tunnel in Europe, excusing to reveal whether it is still in the month of March, as planned.

on the expenditure side, the overhead costs of operation dropped 13% to 54.8 mihões and staff about 3% to 111.8 million euros.

the company closed 2015 with less 109 employees than in the previous year.

the company’s debt decreased in the last year 849 million euros, to 7,979 million euros, of which 57% is debt to the state, he said.

the president of Portugal Infrastructure also dise Friday that the merger between Estradas de Portugal and the Refer is “fairly closed,” and the process to bring the first benefits.

” we are still in the first steps of the benefits that the merger can bring. We are pleased “ , said Antonio Ramalho, dissemination of press conference of the first annual results of the IP, highlighting the performance of the company” on the revenue side and cost control “.

Speaking to journalists, the manager stressed that at the end of February to computer migration was completed and is now operating in a single system, appointed as one of the most complex steps of the merger, since the companies use three different systems.

António Ramalho reported a reduction of 54.8 million general operating expenses resulting from the merger of the management of the road network and the national railway network, with savings in security, cleaning and income and rental buildings.

Infrastructure Portugal (IP) closed 2015 with a profit of EUR 12.5 million compared to negative sets of Portugal Roads and Refer 72.6 million in the previous year.