Eurotunnel reports £1.33bn loss for 2003

Channel tunnel operator Eurotunnel has reported a net loss of £1.33bn (€1.94bn) for 2003, following huge asset write downs.

The losses were mainly due to the £1.3bn (€1.89bn) impairment charge. Eurotunnel said it made a net loss of £34m before the asset write downs.