Network Rail profits rise, but punctuality falls

Patrick Butcher

Patrick Butcher

Network Rail has seen its profits rise by almost 11%, but there has also been a drop in performance as the number of trains running on time fell from 91.5% to 90.9%.

Pre-tax profits at the government-backed company increased 10.8% from £395m to £438m in the year to 31 March.

The company’s revenues increased from £5.66bn to £5.71bn last year, with operating profits rising from £1.9bn to £2bn. The major element of its income comes in the form of a...