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Stagecoach grows bus revenues but rising costs reduce margin

28 June 2013
Profits up 1.4% in regions
Profits up 1.4% in regions

 

Stagecoach recorded a 6.3% increase in revenues from its UK bus operations outside London last year but rising costs resulted in a lower operating margin.

Total revenue for the Stagecoach Group in 2012/13 was £2.8bn (excluding intangible asset expenses and exceptional items) – up 8.3% on the £2.6bn for the previous financial year.

Operating profit increased by 8.1% to £256m, earnings per share rose by 18.9% to 30.2p, and the company’s full-year dividend will rise...

+84% more

 

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