Go-Ahead profits up as travellers switch to public transport
Published Date:
05 September 2008
Bus and rail operator Go-Ahead said today its annual profit rose by a fifth and trading since June 28 had met expectations, while economic uncertainty was not dampening its outlook.
The company, which also has an aviation services division, reported full-year pretax profit up 19 per cent at £131.1 million, while revenue was up more than 20 percent at £2.2 billion.
It said in June it would beat its expectations for the full year as more people switched to public transport amid rising petrol prices. All three of its divisions increased operating profit, with bus and train passenger numbers accelerating in the second half of the year.
It raised its full-year dividend by 15.7 per cent to 81 pence a share.
The company's shares, which have gained nearly 25 per cent in the last three months, closed on Thursday at 1,952 pence, valuing the firm at £840 million.
The full article contains 165 words and appears in n/a newspaper.
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Last Updated:
05 September 2008 8:32 AM
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Source:
n/a
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Location:
Yorkshire
