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Fire, recession and snow hit Eurotunnel profit

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Fire, recession and snow hit Eurotunnel profit

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Eurotunnel’s net profit slumped last year, falling to 1.4 million euros from 34 million a year earlier.

The company operating the Channel Tunnel, between Britain and France was hit by reduced traffic in the early part of the year following a fire in 2008.

In addition the recession led to big drop in truck traffic on its trains and bad weather caused breakdowns of Eurostar trains over Christmas.