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03/07/2014
Translink Record £8.8m Loss For 2013/14
Northern Ireland bus and rail operator Translink have recorded a pre-tax profit for the year to march 30 of £0.3m, down from £9.1m in the previous year.
The company has said that a reduction in funding for pension contributions from the Department of Regional Development (DRD) is partly to blame for the fall.
The company had budgeted for a loss of £5.8m. This was due to an expected cut in DRD funding that was used to fund concessions, such as free travel for pensioners.
The company added that it would face increased budgetary pressures if such concessions were not properly funded.
(MH/CD)
The company has said that a reduction in funding for pension contributions from the Department of Regional Development (DRD) is partly to blame for the fall.
The company had budgeted for a loss of £5.8m. This was due to an expected cut in DRD funding that was used to fund concessions, such as free travel for pensioners.
The company added that it would face increased budgetary pressures if such concessions were not properly funded.
(MH/CD)
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
