Luas operator reports 25% increase in business

THE private operator of the Luas light rail system in Dublin last year increased the size of its business by 25% to €40 million.

According to returns just made to the Companies’ Office, the increase in business for Veolia Transport Dublin Light Rail Ltd resulted in the company increasing its pre-tax profits by 2% by €2.2m.

Last week, the Luas extended between Busáras Station and the Docklands and the Cherrywood Luas extension is due to open next September.

Veolia Transport secured the increase in turnover and profit despite almost one million fewer passenger journeys last year.

Last year, over 27.4 million journeys were completed on the Luas compared with 28.4 million in 2007 and 25.8 million in 2006.

The filings by the French owned company show that the its operating profits marginally dropped last year from €2.038m to €2.001m.

The accounts show that Veolia Transport employed 221 people at the end of last year – an increase of 12 with staff costs increasing by 13% to €9.9m.

In October of last year, Veolia Transport Dublin Light Rail Ltd secured a contract from the Rail Procurement Agency (RPA) to operate the Luas and its future extensions to September 2014.


As the clocks go ahead, so does your style. Corina Gaffney picks your new wardrobe heroesFashion forward: Spring fashion as the clocks change

Des O'Sullivan gives an overview of the changed dates for much-anticipated salesAntiques & FIne Art: What events are put on hold for now?

Virtual auctions a welcome distraction, writes Des O’SullivanBuyers adapt with ease to bid online while grounded

I wish I could write us all back in time, when we could pop to the shops without fear, when grandparents did not have to wave through a window at their grandchildren.Michelle Darmody: Recipes with simple ingredients

More From The Irish Examiner