Stagecoach has reported increased profits in 2013/14, with strong performances in its two UK bus business units but a slump in rail profits.
Preliminary results for the Stagecoach Group for the year ended 30 April 2014 show that group revenue grew 4.5% to £2.930bn (2013: £2.805bn). But group total operating profit, before intangible asset expenses and exceptional items, only increased 1.3% to £223.3m (2013: £220.7m).
Strong cash generation resulted in a net debt...
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