On 20 June 2008 in a report to the Assembée Générale the MVR said the a successful trading year in 2007 had been had by the Montreux - Glion - Rochers-de-Naye railway with a 10% increase in its passenger numbers over those in 2006, itself a record year. In the Christmas period over 100,000 passengers were carried as part of the Pére Nöel promotion. It was not expected that this would be continued into 2008 as work on the Tunnel de Valmont would close the lower part of the railway for all of May. This was the best performing of the company interests featured. Unfortunately the Blonay to Les Pléiades railway section showed a massive 30% downturn in its passenger figures, most of which was credited to unfavourable conditions in the winter season. This was also given as the reason for the loss of CHF 90,000 (£44,500 at present rates, June 2008) shown by the Les Avents - Sonloup funicular, the cost of which will be met by the cantonal government.