FS posts record profit in 2016 (2)

772 mn euros, 66.4% up on 2015

FS posts record profit in 2016 (2)

Rome, April 21 - Ferrovie dello Stato (FS) railway group posted a record profit of 772 million euros in 2016, 66.4% up on the previous year, CEO Renato Mazzoncini said Friday. "We are very satisfied", Mazzoncini said as the groups said it would pay out a dividend of 300 million euros. Last week the government gave the green light to FS merging with motorway company Autostrade to rev up business while remaining two autonomous units.

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