Luas operator’s profits fall 6% – – Our News, Your Views

Luas operator’s profits fall 6%


Despite a strong year in 2013 in terms of passenger numbers, the pre-tax profits for the French operator behind the Luas system, Transdev Light Rail Ltd., fell by 6% to €1.31m. The company signed a five-year contract this September to continue operating the Luas network.

2013 was the sixth consecutive year of increase in passenger numbers, to a total of 30 million.

This rise did contribute to a 6% increase in revenue, up to a total of €56.7m for the 12 months ending in December last.

Accounts filed by the company show that total pre-tax earnings dropped slightly from €1.57m in 2012 to €1.54 in 2013.

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