September 8, 2021
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first_img Stagecoach profit drives forward TRANSPORT group Stagecoach posted a 43 per cent rise in first-half profit, driven by growing ticket sales across its bus and rail operations, and said the positive trend had continued into the second half.The bus and rail operator on Wednesday reported a pretax profit of £108.7m on revenues 4.8 per cent higher at £1.13bn for the six months to the end of October.Stagecoach, which earlier this year re-entered the London bus market after buying the East London Bus Group, boosted the interim dividend by ten per cent to 2.2 pence and said the outlook for the remainder of its fiscal year was good.“We have made a good start to the second half of the financial year and current trading remains in line with management expectations,” said Chief Executive Brian Souter.“While we continue to monitor closely the rate and sustainability of economic recovery, we look forward with confidence and believe the outlook is positive for our bus and rail services.”Like-for-like revenue at Stagecoach’s UK rail business, which includes the South West Trains London commuter franchise, grew 6.4 per cent in the period, while Virgin Rail, in which it owns a 49 percent stake, achieved sales growth of 14.8 per cent in the same period.Underlying revenue at its UK bus unit rose 2.3 per cent, while its North American coaches operation posted a 7.5 per cent rise in like-for-like sales, shrugging off tough economic conditions.Shares in Stagecoach, which have risen 10 percent in the last three months, closed at 215 pence on Tuesday, valuing the group at around £1.5bn. Share John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For Itzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThisMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapeNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext Refinance Wednesday 8 December 2010 2:56 am Show Comments ▼center_img whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Tags: NULLlast_img