Transport Demand in City Boosts Profits 43pc

Summary


Transport group Go-Ahead has posted better-than-expected profits as demand for bus and rail transport around London continued to grow.

While the firm yesterday said it did not expect to maintain the rate of growth in the short term, it still encouraged investors with a 43 per cent rise in half yearly profits to pounds 47 million.

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Transport Demand in City Boosts Profits 43pc

That led it to raise its interim dividend by 57 per cent, from 7p to 11p.

Turnover rose 18 per cent to p...

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