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Austrian Railways Achieved Net Profit Last Year
For the first time for decades, Austrian railways (ÖBB) could generate profits after taxes.
Austrian Railways Achieved Net Profit Last Year / Picture: © ÖBB-Infrastruktur Aktiengesellschaft / Chris Zenz
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.…
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