PKP's first half losses up by 30% to over zl.850 million

Losses by Polish State Railways (PKP) soared to zl.850.1 million in the first six months of the year, 30% higher than in the same period of last year. The company carried 171.4 million passengers in the January to June period, and transported 83.7 million tons of goods. Both figures are significantly down from a year ago. Based on first half passenger transport revenues of zl.1.2 billion and freight revenues of zl.2.5 billion, it is estimated that PKP's losses for the whole of 2001 will reach zl.1.9 billion. As for the company's debts, they had reached almost zl.7.5 billion by the end of June, an increase of some zl.1.2 billion from a year ago. (Rzeczpospolita, p. B3) A.K.