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Bus and train gains push up profits at FirstGroup

first_img whatsapp KCS-content Bus and train gains push up profits at FirstGroup Share Wednesday 3 November 2010 9:32 pm whatsapp Show Comments ▼ Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com TRANSPORT company FirstGroup credited a surge in passengers and tighter cost control for its 14.3 per cent rise in underlying profit for the first half of the year yesterday. The group’s pre-tax profit nearly trebled to £82m, while profit from continuing operations gained more than 14 per cent to £77.7m during the six months to October. The firm used its cashflow and favourable currency rates to pay down 7.7 per cent of its debt pile, which now stands at £2.19bn, and raise its dividend seven per cent to 7.12p. “We have exceeded our goal for cash generation and we have increased our target for the year from £150m to £180m, and most importantly this is excluding business disposal proceeds,” said chief executive Tim O’Toole, who replaced founder Moir Lockhead on 1 November. “We were still able to deliver despite challenging conditions.”Rail operations, which include the First Capital Connect and First Great Western lines, gained 4.4 per cent in passenger revenues.UK bus operations, which carry 3m passengers a day, saw revenue rise by 1.3 per cent. However, revenue fell 0.9 per cent at the group’s US school bus business, First Student. First Transit, which provides outsourced transit services in the US, enjoyed a 5.5 per cent rise in revenue. last_img

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