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Business Monitor: Issue 326 14 Jul 2008

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Bus, Financial results, Other, Welsh Assembly Government, Wales

Insurance write-back helps Cardiff to £1.3m net profit, but margins remain low

CARDIFF City Transport Services, the local bus operator in which its council owners plan to sell a stake, recorded enhanced operating and pre-tax profits in the year to  March 31 2007, according to its annual accounts.

The company, which trades as Cardiff Bus, operates some 230 vehicles on local bus services in and around its home city and into the Vale of Glamorgan. The city council suggested in September that it would be prepared to sell a stake in the business of up to 40% to a...

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