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Business Monitor: Issue 350 21 Nov 2008

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Financial results, Rail, Other, Virgin, All of UK

Virgin reaps 8x profit jump from slimmed operations

TRAIN operator Virgin?Rail Group recorded and eightfold increase in profits in the year to March 1 2008, according to its annual accounts.

The company operates services via its West?Coast Trains subsidiairy on the West?Coast Main Line between London?Euston the West Midlands, North?Wales, North?West?England, Glasgow and Edinburgh.

Total turnover for the year was £1,163.9m, 4.6% ahead of the previous year despite being without Cross Country for four months. Operating costs were...

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