Škoda Transportation sees net profits almost triple in 2016

Czech transport engineering group Škoda Transportation announced that it almost tripled its net profit in 2016 to 1.571 billion crowns compared with the result in the previous year. The increase came in the face of a 14 percent drop in turnover to 15.7 billion crowns. The group, with around 5,300 employees based in Plzeň, is the biggest producer of trams, locomotives, carriages, trolley buses, and electric buses in Central and Eastern Europe.

Author: Chris Johnstone