Cardiff Bus increased its employee numbers in 2017/18 while its revenue dropped significantly. The council-owned company made an operating loss of £2.059m in the year, compared with a £575,000 operating profit in 2016/17.
The company, formally titled Cardiff Transport Services Ltd, failed to file its annual report with Companies House by the 31 December deadline, but did so this week.
The report reveals that Cardiff Bus’ revenue reduced by £1.573m in 2017/18, a 5...
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