Stagecoach Group has reported a sharp fall in pre-tax profits for the year ended 29 April, amid difficult trading conditions in its UK bus and rail markets.
Profit before tax fell from £104.4m to £17.9m. Total operating profit fell from £171.1m to £47.3m.
Group revenue grew from £3.871bn (2015/16) to £3.941bn (2016/17). This came from the following sources:
• UK Rail: £2.160bn, up from £2.129bn in 2015/16
• UK Bus (outside London):...
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