London Midland keeps Go-Ahead on track for growth
6th September 2012
TRANSPORT group Go-Ahead has announced strong full year results boosted by good revenue growth in its deregulated bus and rail businesses – which include London Midland.Revenue for the year was up 5.5% at £2,423.8m (2011: £2,297.0m), with operating profit at £110.2m (2011: £115.1m), down 4.3%. Underlying operating profit increased by £8.1m, as the prior year included £13m outlay for one-off rail contract management benefits.Pre-tax profit reduced by £0.3m, or 0.4% to £84.5m (20......for the full story register now for free or login below...
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