China's Railway Operator Posts Profits
This is a China news story, published by South China Morning Post, that relates primarily to China State Railway Group news.
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China Railway GroupSouth China Morning Post
•China’s railways bring in gravy train, recording profits and lower debt ratios
76% Informative
China State Railway Group swung back to a net profit of 1.7 billion yuan ( US$239.6 million ) from a loss of 11.1 billion yuan for the first half of 2024 .
January-June freight revenue reached a whopping 484.1billion yuan , an increase of 4.7 per cent from the first six months of 2023 .
Most of China ’s domestic freight moves by rail.
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