Revenues at FirstGroup fell 17% in the six months ended 30 September, reflecting the loss of the First Capital Connect and ScotRail franchises in September 2014 and March 2015.
Group revenue was £2.441bn (H1 2014: £2.941bn). The adjusted EBITDA (earnings before interest, tax, depreciation & amortisation) fell 4.3% to £242.4m (H1 2014: £253.3m), though the EBITDA margin improved to 9.9% from 8.6%.
Unadjusted group operating profit (which included amortisation of...
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