Passengers up at Eurotunnel

EUROTUNNEL swung into profit in 2011, crediting steady growth in passenger numbers.

Revenues rose 16 per cent to €845m (£706m) at the Channel Tunnel operator, allowing it to post a €272m operating profit and after-tax earnings of €11m.

The number of cars using the Chunnel rose by six per cent to 2.26m, while truck traffic grew by 16 per cent to 1.26m

The firm said it expects the upturn to continue, adding that it is “organising the resources” to buy and operate ferries from bankrupt SeaFrance.