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flag KiwiRail posts $73.4M surplus, up from $25.8M, on higher freight, efficiency gains, and improved reliability.

flag KiwiRail reported a $73.4 million half-year operating surplus, up from $25.8 million the prior year, driven by a 7% rise in freight volumes and improved efficiency. flag Revenue grew 4% to $537 million, while costs fell 6% to $464.4 million. flag The gains stem from infrastructure investments, upgraded rolling stock, better asset management, and enhanced reliability, including 100% network performance during the holiday period. flag The company remains on track for a full-year surplus of $160 million, though future budget cuts of $200 million loom.

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