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Thursday, November 5, 1998 Published at 09:03 GMT
Business: The Company File
Railtrack profits steam ahead
Railtrack's profits are on track
Railtrack, the company that owns the country's railway tracks and stations, has announced a £25m increase in its half year profits.
The news comes alongside criticism that the company's not investing enough money in improving Britain's railways.
Railtrack's profits surpassed City expectations.
Its pre-tax profit for the six months to 30 September increased from £199m to £224m
Although Railtrack has promised to invest £17bn on a ten year long investment programme, the company it is reported to have put parts of its plan on hold while it assesses its progress so far.
Shareholders, meanwhile, will receive an improved dividend of 8.7p per share, a rise of 10%.
Profits were boosted by sales of its extensive property portfolio.
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