Stagecoach bus profits up by £25m
High passenger growth has seen profits soar at Stagecoach’s UK bus business, according to full year financial results published by the group last week.
Revenue from the Perth-based group’s UK bus operations increased by 7.7% to £743.9m in the year to April 30, 2008. The operating profit leapt by 30.1% to reach £109.9m, an increase of £25.4m on the previous year. As a result the operating margin was 14.8% compared to 12.2% in 2007.
UK bus passenger volumes in the...