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Channel tunnel fire burns up Eurotunnel profits

The Channel tunnel fire on 11 September has cost operators Eurotunnel €22M (£17.2M).

Revenue for the third quarter of 2008 was €189.2M (£147.7M), down 6% on the same period a year earlier.

Turnover for the first nine months of 2008 was up 5% year-on-year to €575M (£449.2M).

Groupe Eurotunnel chairman and chief executive Jacques Gounon said: "Eurotunnel has demonstrated its essential role as cross-Channel infrastructure. Thanks to the commitment of our personnel, which has enabled the rapid return to a satisfactory level of capacity, and to our insurance cover, the Group should not significantly be affected by this incident."

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