Olympic travel to boost Eurotunnel’s profit image

France’s Groupe Eurotunnel SA said on Monday that net profit for the year should rise strongly as more and more passengers will use the Channel Tunnela and train transport services to get to London’s Olympic Games.

Eurotunnel said it had prepared for the Olympic Games with the addition of an extra half Shuttle, to transport passenger vehicles through the Channel Tunnel.

The company reported net profit for the first half at 5 million euros. Revenues for the period rose 14 percent to 473 million euros and available cash flow for the period ending in June was 267 million euros.

“Eurotunnel continues to see strong progress in the performance of passenger and truck shuttle services and Eurostar passenger numbers, despite the highly competitive market,” the firm said.

Earlier this year, Eurotunnel said Le Shuttle had broken new traffic records during the Queen’s Diamond Jubilee celebrations.