East Coast plans catering revamp

摘要

Financial results for Directly Operated Railways' East Coast operation show the company is making a small profit. Turnover for the nine months to 31 March 2010 amounted to ￡233.8million. A financial premium of ￡47.1 million was paid to the Department for Transport for the period 14 November 2009 to 31 March 2010. Commenting on the results, Elaine Holt, Chairman and Chief Executive of Directly Operated Railways, and Chairman of East Coast, said, 'Our financial performance in this first period of operations has been strong and we are exceeding our targets. As a consequence of our good fiscal management of the business we've subsequently been able to pay back more money to the Government through higher "premia" payments. We created early cash-flow and the business has now become self-funding.'