Przewozy Regionalne records 10 times less net loss

Przewozy Regionalne, railway operator recorded PLN 5.46 million net loss in 2014, nearly 10 times less than in 2013, when its net loss amounted to PLN 54 million. "It not for the fact that costs of service of debt worth a few hundred million, Przewozy Regionalne would now record operational profits at PLN 10 million," said firm's CEO, Tomasz Pasikowski. Initially, the company planned the loss to stand at PLN 28 million. This year, it reckons net profits of PLN 200,000. The company managed to lower the net loss due to austerity program including re-negotiating agreements with its partners and redundancies.