german rail operator deutsche bahn books first loss in 12 years in 2015
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

German rail operator Deutsche Bahn books first loss in 12 years in 2015

Arab Today, arab today

Arab Today, arab today German rail operator Deutsche Bahn books first loss in 12 years in 2015

Germany
Berlin - Arab Today

German state rail operator Deutsche Bahn announced Wednesday that it booked a heavy loss in 2015, its first in 12 years, largely as a result of writedowns on its cargo business. 

Deutsche Bahn said in a statement it booked a bottom-line loss of 1.3 billion euros ($1.4 billion) last year, its first year-end loss since 2003, due to a exceptional writedowns of 1.7 billion euros on its freight business. 


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