Network Rail van
Media playback is unsupported on your device
Video

Network Rail sees pre-tax profits rise

Network Rail, which maintains Britain's rail track and signalling system, has announced a rise in both its profits and debts but expects to cut more jobs.

Pre-tax profit rose to £471m in the year to the end of March, from £438m the previous year.

But net debt also increased to £27.28bn from £25.05bn. Network Rail's debt is guaranteed by the government.

BBC Radio 5 live Money's Mickey Clarke spoke to the company's finance director, Patrick Butcher.

To listen to other Radio 5 live interviews, please visit the Best Bitspage.

  • 07 Jun 2012