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Sunday 17 December 2017

Veolia turnover from Luas down

THE transport company behind the Luas, Veolia, recorded a €2.3m profit within the year as less passengers used the system.

The firm, which employed 226 people last year, paid a significant €3.3m dividend to its holding company parent.

Turnover at Veolia Transport Dublin Light Rail dropped by 1.6pc to €39.7m in 2009, while profits climbed by 4.5pc.

The group said that lower turnover was linked to "decreased activity", while the slight climb in profits was attributed to "increased activity and monitoring of costs", according to recent accounts filed.

Veolia operates the Luas for the Railway Procurement Agency.

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