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MTR Corporation posts strong full-year results

The company that will operate the Crossrail concession on behalf of Transport for London, posted strong full-year results for 2014 this week, with revenue growing 3.7% and post-tax underlying profits from its recurrent business up 7.9%.

MTR Corporation will begin running TfL Rail branded trains between Liverpool Street and Shenfield from May 31 as the first part of the Crossrail concession. London Overground, which is operated by MTR-Arriva joint venture LOROL, takes on extra routes and services on the same day, with longer trains introduced on existing routes.

MTR is also launching a brand new open access intercity service, MTR Express, between Stockholm and Gothenburg this month.

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