16 Dec 2010

Stagecoach drives profits up 43 percent

Stagecoach has seen its half-year profits rise 43%, driven by higher passenger numbers on both its rail and bus operations, and increased margins. The travel group made a pre-tax profit of £108.7m in the six months to 31 October, up from £75.5m a year earlier.
Revenues at the company increased by 5% to £1.1bn. The company, one of the UK's largest travel firms, also has significant operations in the US and Canada.
Profits at the firm's UK regional bus operations rose 16.5%, while those at its UK rail businesses added 4.4%. Across its North American companies, profits were up 9.7%.

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