Grup Feroviar Roman (GFR), the biggest private rail operator,controlled by businessman Gruia Stoica, posted a 10% rise inturnover in the first five months of this year, with the 2010budget built on a 14% growth, to nearly 115 million euros.
"In the first five months of this year, the company recorded anaround 10% turnover growth, and managed to steer clear of thefinancial crisis by taking the necessary steps at the right time,"said businessman Gruia Stoica, owner of the Grampet group, whichholds GFR.
Private rail operator GFR ended last year with a 10.3million-RON (2.5 million-euro) net profit, from 26.2 million RON(7.1 million euros) in the previous year, according to companyrepresentatives.
On the freight rail transport market, GFR competes withstate-held CFR Marfa, as well as with private companies Servtransand Unifertrans.
"We have secured the necessary resources to ensure continuity ofGrupul Feroviar Roman over the next three to five years by means ofcontracts which bring 70% of the company's turnover," Gruia Stoicasaid.
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