FirstGroup’s revenue fell 9.9% to £6.051bn for the year ending 31 March 2015 ((2014: £6.717bn) but group operating profit increased 5.9% to £245.8m (2014: £232.2m), and profit before tax rose 80.9% to £105.8m (2014: £58.5m).
Lower finance costs are the main reason for the big increase in pre-tax profit.
Net debt is up 7.9% at £1.407bn (2014: £1.304bn). Group ROCE (return on capital employed) is down slightly to 7.8% from 8.2%....
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