Sweden: Green Cargo reports loss for H1


Sweden: Green Cargo reports loss for H1
Järnvägsnyheter, 14 Aug 2017, online:-
Swedish rail transport and logistics company Green Cargo posted a loss after tax of SEK 10mn (EUR 1.04mn USD 1.23mn) in H1 2017, a decrease compared to the loss of SEK 40mn posted in H1 2016. Net turnover increased to SEK 2.22bn from SEK 2.11bn. Operating profit increased to SEK 4mn from an operating loss of SEK 22mn, while inflow of new orders decreased to SEK 404mn from SEK 630mn. In Q2 2017, loss after tax amounted to SEK 2mn while net turnover amounted to SEK 1.13bn. Operating profit amounted to SEK 6mn. CEO Jan Kilström, reports that over the past quarter, new agreements worth about SEK 180mn have been signed, and that the company is now starting to see the positive effects of last year's efficiency programme. He adds that the new company strategy means future improvements regarding loading capacity and safety, where two Transmontana locomotives will be delivered by the end of summer 2018.
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