29th Oct 2014 07:33
LONDON (Alliance News) - Stagecoach Group PLC Wednesday kept its full-year guidance, and saying its overall profitability had remained "satisfactory".
The bus and rail operator said like-for-like revenue growth for the 24 weeks ending October 12 rose 3.2% in its UK regional bus operations, 14.5% in its London bus operations, 7.4% in UK rail, 3.5% at its North American operations and 5.8% in its Virgin Rail joint venture.
In a trading update before the company holds a series of meetings with analysts, it said there are a number of challenges to growing profit in the financial year ending April 30, 2015, but overall current trading is satisfactory and it is on course to meet its expectations for the year.
By Steve McGrath; [email protected]; @stevemcgrath1
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