Accounts for CIE show the company's revenues rose by €20m to more than €680m last year. 800,000 bus and rail journeys were made a day last year and today's results show that the company's financial position remained stable.
Wages rose by 5% for CIE workers, while at the same time the number of staff actually fell by almost 200 to 12,000.
Overall the company made a surplus of €20m, up from a loss of €5m the previous year. But during the year CIE sold a site for €25m.
The company's subsidy from the Government was slightly up at almost €270m last year. EU and Government funding of €1.7 billion has been spent on investment in the past five years.
The company is also striving to return its rail freight division to profit.
Chairman John Lynch said that despite major work on the DART and road gridlock, the group held its market share. Congestion costs the company €49m annually.
Mr Lynch said that when measured against other countries CIE gave good value. He added that Intercity rail fares remained among the lowest in Europe.
The CIE Chairman said there has been a thorough safety review after the Wellington Quay bus crash, which claimed five lives last year.
