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Stagecoach reports 'subdued revenue'

Public Transport

16 December 2016
 

Lower petrol prices have contributed to “subdued revenue trends” in Stagecoach’s bus and rail divisions, according to the group’s financial results for the six months to 29 October.

Pre-tax profits of £89.5m were down from £90.8m in the corresponding period of 2015/16. Revenue was up 1.6% to £2.00bn (H1 2015/16 £1.97bn).

Figures for the UK bus and rail divisions are:

Revenues from UK Bus outside London fell from £522.4m to £513.9m and...

+76% more

 

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