VR earns EUR 15.3m operating profit in Q1

The national railway operator VR Group earned an operating profit of EUR 15.3 million during the first quarter of this year as the net sales increased by 10.6 per cent, a VR press release said.

A total of 21.7 million passengers travelled by train in January to March, which is 8.4 per cent higher than that in the first quarter of the previous year.

VR Group’s rail and road freight transport volume also rose to 41.3 million tonnes (10.0 per cent).

“In all business operations, net sales increased significantly during the first quarter of 2017. We are particularly pleased with the increase in passenger numbers and the volume of freight transported. Together with improved efficiency in VR operations, the growth in net sales can also be seen in the positive results of the first quarter,” said VR Group Chief Executive Officer Rolf Jansson.