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Railways Slash Losses in First Half of 2006

Ljubljana, 10 August - National railway operator Slovenian Railways has reduced its losses despite failing to meet revenue targets in the first half of 2006. In the six months the holding generated a net loss of SIT 531m (EUR 2.22m), which is well below last year's loss of SIT 4.9bn (EUR 20.45m), although SIT 4bn (EUR 16.7bn) of that was caused by a delay in state payments for rail infrastructure maintenance.

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