Coach operator Rotala on the right road

BIRMINGHAM-based coach operator Rotala has said its full year results are likely to be in line with expectations.

The company said this was despite the 20% reduction in the Bus Services Operators’ Grant early last year and continuing pressure on local authority transport budgets as a result of Government austerity measures.

In an update ahead of results for the year ending November 30, 2012 the firm said: “Operating results for the year are expected to be broadly in line with management expectations. The interest charge for the full year is expected to be marginally higher than market expectations.”

Trading for the current year has begun satisfactorily and is in line with budget, it added.

John Gunn, Rotala chairman said: “Given the industry conditions created by central government policies, we believe that the company produced an acceptable performance in 2012. The current financial year has started on the right track and we look forward to releasing our final results for FY 2012 in March 2013.”