For Israel Railways, the first part of 2017 was the seventh consecutive half-year in which the company made a profit, with an ongoing rise in its number of transported passengers. The company transported 31.5 million passengers in January-June, compared with 29.4 million in the first six months of 2016. The company met over 94% of its timetables.
Demand for most of the railway lines increased across the board. The highest increase in demand was recorded for the Tel Aviv-Jerusalem route (+26%), the Asheklon-Beer Sheva route (+20%), and the Tel Aviv-Hod Hasharon route (+8%). May 2017 set a new record, with an average of 299,000 passengers transported a day.
The company carried 4.6 million tons of cargo in the same period, 0.5% more than in the corresponding period last year.
Israel Railways finished the first half of 2017 with a NIS 45 million (10.5 mn euros) net profit, 29% less than in the first half of 2016. Revenue rose by 7% to NIS 1.205 billion (282 mn euros) in the first half of this year.
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