Trains For America

More choices for better transportation

You want profits? Sit down for this.

The opening of a new London station for HSR has obviously had a major consequence – all the way to the bottom line.

Footnote: if my memory serves me right, Stephens Inc. of Little Rock had a hand in financing the “Chunnel.”

Anyway, here is the story and a link Note that this milestone was 20 years in the making, which is very much contrary to the American corporate policy of  measuring results every Friday..

Dividends At Last For Eurotunnel Shareholders

2:19pm UK, Wednesday March 04, 2009

Eurotunnel is to pay its first dividend since being created in 1986.

Eurotunnel

Many companies are not paying dividends this year

Shareholders will get 0.04 euro cents per share as the Channel Tunnel operator reported its first profit.

The Franco-British company said net profit reached £35m in 2008 compared with a 2007 loss of 12 million euros at constant exchange rates.

“The group has recorded a solid profit which, for the first time in our history, allows us to pay a dividend …,” said Chief Executive Jacques Gounon.

Filed under: International High Speed Rail, Passenger Rail Transportatio Policy

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