FirstGroup has reported mixed results for the half-year results to end of September with a deterioration of results in its UK Bus division but improved performance in rail.
Revenues as a whole were £3.30bn, up by 1.6% on the £3.25bn in the first half (H1) of 2012. Net debt was slashed 30.5% to £1,446.8m (H1 2012, £2081.8m).
Underlying (or unadjusted) EBITDA (earnings before interest tax depreciation and amortisation) was up 2.6% to £269m (H1 2012...
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