It is the 20th anniversary of rail privatisation.
In the financial year ending in March 2012, the train companies gained an average return of 147% on every pound they put into their business. In other words, For every pound the railway barons at Stagecoach, Virgin and Arriva put in, they got £2.47 back.
Since 2004, the pre-tax return on capital employed was never less than 100%. Most of the pre-tax profit was paid to shareholders as dividends.
No wonder Richard Branson is a billionaire with his own private island. No wonder Tim O'Toole, boss of FirstGroup, and Brian Souter, head of Stagecoach, are on more than a million a year each.
The really big improvements, such as the west coast mainline upgrade now enjoyed by Branson's business, are funded by the State.
From here
In the financial year ending in March 2012, the train companies gained an average return of 147% on every pound they put into their business. In other words, For every pound the railway barons at Stagecoach, Virgin and Arriva put in, they got £2.47 back.
Since 2004, the pre-tax return on capital employed was never less than 100%. Most of the pre-tax profit was paid to shareholders as dividends.
No wonder Richard Branson is a billionaire with his own private island. No wonder Tim O'Toole, boss of FirstGroup, and Brian Souter, head of Stagecoach, are on more than a million a year each.
The really big improvements, such as the west coast mainline upgrade now enjoyed by Branson's business, are funded by the State.
From here
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