KiwiRail plunges $1.4b into red as write-downs mask turnaround

🌐 New Zealand Herald (NZ) —
KiwiRail plunges $1.4b into red as write-downs mask turnaround

AI Summary

KiwiRail reported a $1.4 billion loss, with write-downs obscuring an improvement in its underlying operations. Its operating surplus rose 45% as freight revenue increased 10%.

However, the operating surplus jumped 45% as freight revenue rose 10%.

Markets Shipping KiwiRail New Zealand financial results write-downs freight revenue rail transport

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