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Author
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Topic: Stagecoach Profits Jump (Read 1451 times)
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Lee
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Stagecoach has unveiled a profits jump which it says was helped by people switching to buses and trains because of environmental concerns (link below.) http://news.bbc.co.uk/1/hi/business/6244614.stm The Perth , Scotland-based company said underlying pre-tax profit rose 38% to £162m in the 12 months to 30 April. Revenues grew by 12% to £1.5bn. News of the strong results pushed Stagecoach's shares up by 5.69%. "We consider this to be a very strong set of figures," said analysts at Deutsche Bank. "UK Bus in particular is very strong," they continued. "Once the new rail franchises bed down, we would see a similar story of profits growth developing once again in rail."
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