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Austrian Railways Achieved Net Profit Last Year

Published: February 26, 2013; 19:38 · (Vindobona)

For the first time for decades, Austrian railways (ÖBB) could generate profits after taxes.

Austrian Railways Achieved Net Profit Last Year / Picture: © OEBB

Christian Kern, CEO of ÖBB, announced that the railway group has registered net profits of more than € 60m after taxes last year. Kern´s main goal is to earn the capital costs. In 2011, when Kern took over ÖBB´s management, he announced that the railway group must have left the loss zone in 2013. As a result, ÖBB could achieve its objective one year earlier than planned.…

This article includes a total of 99 words.

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