The onset of the recession barely dented the financial performance of the train operating sector as a whole, however the impact varied considerably between individual companies, 2008/09 results now available at Companies House show.
Analysis of the results by the TAS partnership has shown that, across the 20 companies, turnover was 6.6% higher at £8.5bn whilst operating profits rose 3.9% to £328.8m and costs increased 6.7% to £7.7bn. The profit margin was virtually unchanged...
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