Improved rail network boosted KiwiRail profit
A rebound in tourism had also driven growth.
KiwiRail is positioning itself for further growth.
KiwiRail has recorded an above rail operating surplus of $156.5 million in the year to the end of June, up 17% on the previous year.
Freight revenue was up 8% to $501.3m and interislander revenue was up 42% to $151m, despite the ferries’ well-publicised difficulties. As well, the State-owned
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