27 Jun 2012

Stagecoach: profits up, pensions down

Stagecoach reported pre-tax profits for the year to the April rose to £239.8m from £209.7m, for the same period a year earlier, on revenues of £2.6bn (£2.4bn). The results were lifted almost entirely by one-off items, including a £38m exceptional gain from changes to the company’s pension scheme, which reduces its liabilities going forward.

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