TRANSNET RESULTS: TRE
Posted on 26 June 2009
Revenue at Transnet Rail Engineering (TRE) for the financial year to 3 March 2009 increased by 0.9% to R8.2 billion, compared to the prior year. Maintenance and refurbishment programmes for locomotives and wagons resulted in continued improvement in the availability and reliability of Transnet Freight Rail (TFR) rolling stock.
The external revenue of TRE reflected an increase of 32.9% to R1.4 billion, mainly due to the increased number of coach upgrades carried out for the Passenger Rail Agency of South Africa (Prasa). EBITDA for the year of R764 million decreased from R1.2 billion due to a decrease in backlog maintenance executed and lower margins from TFR.
To maintain TRE’s market position, the division has introduced numerous cost reduction and service-optimisation initiatives to target savings, particularly from lean manufacturing.
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Tags | Transnet Rail Engineering
