Page last updated at 07:46 GMT, Tuesday, 9 March 2010

Eurotunnel reports a 2009 profit despite 'poor economy'

Eurotunnel trains
Eurotunnel said the results showed its resilience

Eurotunnel, the firm that manages the Channel Tunnel, made a profit of 1.4m euros ($1.9m; £1.3m) last year, despite a "poor economic environment".

The 2009 net profit was a decrease on the 34m euros it made in 2008, and also came despite the knock-on impact of the fire in the tunnel in September 2008.

This blaze resulted in services through the tunnel not returning to normal levels until February of last year.

Eurotunnel said profits were also affected by the snow in December.

The snow caused major cancellations at Eurostar, the passenger train service between London and Paris, and London and Brussels, that pays Eurotunnel a fee per passenger for using the Channel Tunnel.

Eurotunnel itself carries car and coach passengers, and freight lorries.

"The results for the year 2009 are proof of Eurotunnel's resilience in the face of difficulties," said Eurotunnel chairman and chief executive Jacques Gounon.



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