Deutsche Bahn returns to profit in H1 - document

·1-min read
A rusted logo of Deutsche Bahn AG is pictured on a lorry that waits for demolition at a recycling firm in Leverkusen

BERLIN (Reuters) - German rail operator Deutsche Bahn will post half-year consolidated profit of around 420 million euros ($425.21 million), boosted by strong business at its Schenker logistics subsidiary, a document seen by Reuters showed on Wednesday.

Revenue at the state-owned company rose 10% year-on-year to around 28 billion euros in the first six months of the year, while earnings before interest and taxes were at 876 million euros, the document showed.

A spokesperson for the company declined to comment on the results, referring to a news conference scheduled for Thursday.

($1 = 0.9878 euros)

(Reporting by Markus Wacket; Writing by Riham Alkousaa; Editing by Jan Harvey)

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