West Coast success fails to keep transport group on track
Despite a strong performance from the West Coast Main Line operatiton, public transport group Stagecoach has seen a 15.3% fall in full year pre-tax profit after difficulties at its bus and rail operations.
The company, which is a partner with Virgin Rail in the WCML, said pre-tax reached £158.7m (2016: £187.4m) to the year ended April 29, 2017. Full year revenue rose 1.8% to £3.94bn (2016: £3.87bn).
The venture with Virgin Rail, in which Stagecoach is a 49% stakeholder, was the rgoup's outstanding success. It said it had sho... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...