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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.

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  • 07 Jun 2012