Network Rail releases full-year results

British rail-infrastructure operator Network Rail has revealed its full-year, preliminary financial results, posting revenue of £5.7bn, which was down from £6.1bn in the previous year.

Net operating costs were up slightly to £3.7bn from £3.6bn, while operating profits were down to £2bn from £2.5bn

Profit after tax was £284m, down from £609m, while capital expenditure was £3.9bn, down from £4.7bn.