CFR Switches To Profit Of RON58M In January-October, Cuts Debts By 65%

12.07.2012 By Ioana Tudor

Romania’s state-owned railway company CFR reduced its debts by 65% in the first ten months of 2012 to 1.9 billion lei (EUR0.41 billion) from RON5.5 billion, and switched to profit of RON58.4 million versus losses of RON18.1 million in January-October 2011.

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