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Stagecoach profits fall amid difficult bus and rail markets

PUBLIC TRANSPORT

Andrew Forster
07 July 2017
 

Stagecoach Group has reported a sharp fall in pre-tax profits for the year ended 29 April, amid difficult trading conditions in its UK bus and rail markets.

Profit before tax fell from £104.4m to £17.9m. Total operating profit fell from £171.1m to £47.3m. 

Group revenue grew from £3.871bn (2015/16) to £3.941bn (2016/17). This came from the following sources:

• UK Rail: £2.160bn, up from £2.129bn in 2015/16

• UK Bus (outside London):...

+89% more

 

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