The train reached meager profits in the first half of 2010 after a bad year in 2009, announced Sunday its CEO Guillaume Pepy.

"We have no losses in the first half of 2010 (…) It is a positive trend but I do not cry victory," he said on Europe 1.

In 2009, the group public rail transport has suffered a net loss of 980 million euros, against a profit of 575 million in 2008 and 1.11 billion in 2007.

Guillaume Pepy has not given precise figures or accounts of the SNCF, which will be presented Tuesday to the board of directors.

The station is "in the green color so small that (…) we are not satisfied, because if we are to progress, we must be able to generate margins," he said.

The public company has to invest three to four billion euros each year to maintain and renew the network, he added.

"There are real signs of recovery. For example, the transport of goods between Asia and Europe is distributed properly," said Guillaume Pepy.

"The worse, it is the traffic TGV. Earlier this year, they were flat. The summer has been better," he added.

"The result of the station due to the fact that we have managed just fine. It was huge savings," he was welcomed.

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