Stagecoach rolls out profits boost

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TRANSPORT group Stagecoach delivered a 39 per cent rise in half-year profits today after seeing more strong growth in its regional bus division.

The company, which is one of the UK’s biggest bus and coach operators with around 8,000 vehicles and 2.5 million passengers every day, said overall profits jumped to £123.7m in the six months to October 31.

It said commercial bus services were the “cornerstone” of its business, with a 1.3 per cent rise in underlying passenger volumes contributing to a 4.1 per cent increase in revenues to £468.9m and profits of £87.2m, up nine per cent.

 

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