CP reduces losses to 74.2 million in the first half – publico

 
         

                 

                         
                     

                 

 
 

The CP recorded losses of 74.2 million euros in the first half of this year, a EUR 44.4 million reduction compared to the net loss recorded in the same period last year, the company said on Monday! fair

the report and consolidated interim accounts today sent to the Portuguese Securities Market Commission (CMVM), the CP. – Train Portugal states that for this development, “essentially contributed to improvement financial result, due to the reduction of financial liabilities and charges interest and similar expenses incurred by the company. “

also the reduction of provisions recorded and the growth of traffic revenues supported the improvement in net income in first half of this year.

However, the company states that the results of the first half were penalized by “negative impact” of 2.6 million euros “due to non-adherence of CP special arrangements to deferred tax assets “.

the railway company ended the first half with an increase of 1.2% in the number of passengers having traveled on CP 56,075 people between January and June this year.

As for traffic revenues, the segment recorded a more significant increase in this indicator was the long-distance service, which received 2,850 passengers in the first half of the year, 10.6% more than in the same months of 2015.

CP said that these “followed this positive trend” seen in the number of passengers, “totaling about EUR 110 million, an increase of around five million euros (+ 4.6%) against the [period] homologous. “

with regard to workers, the CP had in June this year 2,646 workers, less 2% than at the end of June 2015, representing a reduction of 62 people in effective.