Passenger Transportation, Ground & Sea

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Keihan Electric Railway Co Ltd raises consolidated mid-year outlook for FY 2015

2:00am EDT

Keihan Electric Railway Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 128,800 million yen from 127,800 million yen for FY ending March 2015.Operating profit forecast increased to 12,400 million yen from 10,200 million yen.Ordinary profit forecast increased to 10,800 million yen from 8,500 million yen.Net profit forecast increased to 7,500 million yen from 5,800 million yen.Earnings per share increased to 13.34 yen from 10.32 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.

Dazhong Transportation (Group) Co Ltd to transfer stake in subsidiaries

Monday, 29 Sep 2014 08:00pm EDT

Dazhong Transportation (Group) Co Ltd:To transfer a 100 pct stake in Shanghai-based vehicle repair company and a 70 pct stake in a Shanghai-based automobile club company to a Shanghai-based business management company.Transaction price 23.6424 mln yuan.

R&I affirms Kintetsu Corp's rating at "BBB" and announces negative outlook

Friday, 19 Sep 2014 02:00am EDT

Kintetsu Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB".Rating outlook negative.

Konsortium Transnasional Berhad proposes rights issue

Thursday, 18 Sep 2014 08:00pm EDT

Konsortium Transnasional Berhad:Proposes renounceable rights issue of 604,196,022 new ordinary shares of 0.10 ringgit each in KTB (Rights Share(s)) on the basis of three Rights Shares for every two ordinary shares of .10 ringgit each in KTB held on an entitlement date to be determined later.Board has fixed the issue price of the Rights Shares at 0.10 ringgit per Rights Share.Intends to raise gross proceeds of 60,419,602 ringgit.

Rossiyskiye zheleznye dorogi OAO to get 30 billion ruble subsidy in 2015-Interfax

Thursday, 18 Sep 2014 03:41am EDT

Rossiyskiye zheleznye dorogi OAO:Rossiyskiye zheleznye dorogi (RZD) will receive a state subsidy of 30 billion Russian rubles in 2015, Economic Development Minister Alexei Ulyukayev said during a cabinet discussion of the three-year budget and macroeconomic forecast-Interfax.This is a compromise between the 45 billion rubles that RZD itself is asking for and the Econ Ministry's original stance to provide 10 billion-15 billion rubles, he said.Ulyukayev said the indexation of rail transportation tariffs in 2015 had been set at 7.5 percent.This plus the government subsidy will allow RZD to resolve its breakeven problem, he said.RZD President Vladimir Yakunin previously said in a Sep. 12 letter to Russian Prime Minister Dmitry Medvedev that the company needed the tariff indexed at 10 percent with government aid of 45 billion rubles in 2015 in order for the company to maintain financial stability.Ulyukayev also said on Sep. 16 that 10-15 billion rubles in subsidies would be enough for RZD, though RZD has not yet commented on these figures.

FirstGroup plc announces directorate change

Friday, 12 Sep 2014 04:04am EDT

FirstGroup plc:Says John McFarlane will be stepping down from the role of Chairman at the Annual General Meeting in July 2015.

R&I affirms Nankai Electric Railway Co Ltd's rating at "BBB" and announces stable outlook

Wednesday, 10 Sep 2014 02:00am EDT

Nankai Electric Railway Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB".Rating outlook stable.

Hertz Global Holdings announces Mark Frissora to step down as Chairman and CEO

Monday, 8 Sep 2014 07:59am EDT

Hertz Global Holdings Inc:Says Mark Frissora has stepped down for personal reasons as the Company's Chairman and Chief Executive Officer.Appoints Brian P. MacDonald, President and Chief Executive Officer of Hertz Equipment Rental Corporation (HERC), to serve as interim Chief Executive Officer of Hertz.Appoints Linda Fayne Levinson, Independent Lead Director, to serve as Independent Non-Executive Chairman of the Board.

Hurtigruten completes divestment of bus operations

Thursday, 4 Sep 2014 08:04am EDT

Hurtigruten ASA:Closes sale of 71.3 percent shareholding in AS TIRB to Boreal Transport Nord AS.Says the sale was announced on July 8.


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