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GySEV posts after-tax profit of HUF 1bn in 2009

Jointly owned Austro-Hungarian regional railway GySEV posted after-tax profit of around HUF 1 billion (€3.6 million) in 2009, the company announced on Wednesday.

GySEV attributed much of its 2009 profit to the sale of stakes in companies jointly owned with MÁV Cargo, the Hungarian unit of Rail Cargo Austria.

GySEV said that the company carried 4.9 million tons of freight and 4.6 million passengers in 2009, generating revenue of HUF 26.1 billion last year, compared to HUF 31.5 billion the previous year. (MTI-Econews)