Arriva sees Welsh rail profits rise as improvements flow
INCREASES in revenue from grants and passengers helped Arriva Trains Wales to improve its profits by over 36% in the year to December 31 2007, according to the company’s annual accounts.
The company operates all local rail services in the principality, together with cross border routes into Birmingham, Crewe and Manchester. Transport group Arriva won the contract to operate the franchise in?December 2003 for a 15-year period.
Total turnover was 1.7% lower during the year, whilst...