The Edmondson Blog

Eurotunnel Makes a Profit!

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 ($1.6m; £795,000) in the whole of 2007.

I have 1500 shares, bought for me by my father when Eurotunnel floated in 1989. I'm reminded of my father telling me in 1990 that by 1998 the ferries would be out of business and we'd be making £12000 in dividends a year. I might hand in my notice tomorrow...

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