Veolia Transport, Auckland rail operator, almost doubles FY profit after inking new contract

Thu, 23 May 2013

By Tina Morrison May 22 (BusinessDesk) Veolia Transport Auckland, which runs the city's urban passenger trains, almost doubled its annual profit last year after it changed the way it does business. Veolia, a unit of Paris-based Veolia Transdev, posted a profit of $1.99 million in the year ended December 31, up from $999,000 a year earlier, according to accounts filed with the Companies Office. The company's gross profit margin jumped to 10.7 percent from 7.7 percent a year earlier. Veolia provides the rail service under a contract with Auc...

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