Wow! Believe it or not, Eurotunnel has reported its first annual profit, boosted by its huge programme of debt restructuring.
The company that runs the tunnel between Britain and France reported a net profit of 1m Euros in the whole of 2007. That included a 3.3m euro exceptional profit from its capital restructuring.
The company has struggled with its debt levels since the tunnel was opened in 1994, but it finally reached agreement with its creditors last year. “The year 2007 proves that the new Eurotunnel group has broken with its past,” the company said in a statement.
You never know now, Euro-Disney in Paris might report profits as well!!!