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Net profit at Germany's Deutsche Bahn drops by one third - sources

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Net profit at Germany's Deutsche Bahn drops by one third - sources
The front of a German railway Deutsche Bahn AG ICE high speed train is seen at the train station in Hanau, Germany, November 23, 2018. REUTERS/Kai Pfaffenbach   -   Copyright  KAI PFAFFENBACH(Reuters)
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BERLIN (Reuters) – Net profit of Germany’s state-owned railway company decreased by one third in 2018 to 540 million euros (461.81 million pounds), people familiar with Deutsche Bahn’s results said on Tuesday.

Operating profit came in slightly below previous year’s at 2.11 billion euros, the people said, adding that the company was able to meet its targets, which it had lowered several times.

A spokeswoman for Deutsche Bahn declined to comment, pointing to a news conference scheduled for March 28.

(Reporting by Markus Wacket; writing by Tassilo Hummel; editing by Thomas Seythal)

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