3rd Oct 2013 06:44
LONDON (Alliance News) - FirstGroup plc (FGP.L, FGROF.PK, FGROY.PK), in its pre-close trading update for the first half, said its overall trading is in line with management's view. Further, a continued good performance by First Transit was reported, with strong growth in shuttle and paratransit businesses.
First Transit delivered a good first half trading performance, with US Dollar revenues expected to rise by 8.4% on a like-for-like basis.
During the period, like-for-like passenger revenue in the division is projected to increase 1.6%, with particularly positive results from those operations furthest along the transformation programme. UK Bus transformation plan remains on track. UK Rail achieved another solid performance in the period, with like-for-like passenger revenue likely to grow by 5.7%.
Copyright RTT News/dpa-AFX
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