New Irish bus routes boost UK operator

New Irish bus routes boost UK operator

UK transport company Go-Ahead Group Plc (GOG.L) on Thursday reported full-year revenue that beat market expectations, but profit was dented as its rail division suffered from the loss of the London Midland franchise.

Go-Ahead said revenue rose because of its bus operations in Singapore and new operations in Ireland.

Analysts on an average expected annual revenue of 3.44 billion pounds, according to Refinitiv Eikon data.

The company said it expects lower operating profit for its rail division in 2020. But the Govia Thameslink Railway franchise, which includes Thameslink and Southern services between London and the south coast, is expected to generate a modest profit margin in 2020, the company said.

Go-Ahead said revenue rose 10% to 3.81 billion pounds, however, pretax profit tumbled 33.4% to 97 million pounds for the year ended June 29.

More on this topic

Public transport drivers threaten to withdraw services amid epidemic of antisocial behaviourPublic transport drivers threaten to withdraw services amid epidemic of antisocial behaviour

Numbers using public transport in Cork on the rise Numbers using public transport in Cork on the rise

Dublin public transport users reminded to wash hands as faecal matter found on seats and handrailsDublin public transport users reminded to wash hands as faecal matter found on seats and handrails

Children can travel free with on public transport until end of JulyChildren can travel free with on public transport until end of July

More in this Section

Traders mull extent of huge sterling rally, if Brexit deal were agreed   Traders mull extent of huge sterling rally, if Brexit deal were agreed

Bord na Móna seeking opportunities to redeploy 200 staffBord na Móna seeking opportunities to redeploy 200 staff

Pensions sector edges towards a global climate rolePensions sector edges towards a global climate role

Spelling out all the ABCs of financial jargon in plain languageSpelling out all the ABCs of financial jargon in plain language


Lifestyle

Food news with Joe McNamee.The Menu: All the food news of the week

Though the Killarney tourism sector has been at it for the bones of 150 years or more, operating with an innate skill and efficiency that is compelling to observe, its food offering has tended to play it safe in the teeth of a largely conservative visiting clientele, top-heavy with ageing Americans.Restaurant Review: Mallarkey, Killarney

We know porridge is one of the best ways to start the day but being virtuous day in, day out can be boring.The Shape I'm In: Food blogger Indy Power

Timmy Creed is an actor and writer from Bishopstown in Cork.A Question of Taste: Timmy Creed

More From The Irish Examiner