Luas firm’s profits dip 6%

A record year for the Luas in 2013 was not enough to prevent pre-tax profits at its French-owned operator last year declining by 6% to €1.31m.

Newly-filed accounts with the Companies Office show that Transdev Dublin Light Rail Ltd sustained the dip in profits in spite of record passenger numbers topping 30m people.

Last year marked the sixth successive year of rising passenger numbers on the Luas, when user numbers increased by 500,000.