logo
Plus   Neg
Share
Email

National Express Full-year Profit Falls

National Express Group plc (NEX.L) Thursday posted lower earnings for the full-year, on the back of a revenue fall, reflecting the handover of the National Express East Anglia franchise in February.

For the period, the firm reported pre-tax profit of 69.8 million pounds, down from 129.4 million pounds a year back.

Profit after tax fell to 61.3 million pounds from 102.6 million pounds a year ago. On a per share basis, the firm reported earnings of 11.7 pence, down from 19.8 pence a year back.

On a normalised basis, earnings per share were 25.4 pence, down from 26.9 pence a year earlier.

For the year, the firm clocked revenue from continuing operations of 1.831 billion pounds, down from 2.238 billion pounds a year back, dragged down by rail revenue, which contributed 195.1 million pounds, down from 688.3 million pounds a year ago. The company said, on a constant currency basis and adjusted for the rail handover, total revenue grew by over 7 percent.

The company has further rolled out a final dividend of 6.6 pence, payable on May 17 to shareholders registered as of April 26.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Harley-Davidson Inc. (HOG) disclosed in a regulatory filing that it will be implementing a plan to shift production of motorcycles for the European Union destinations from the U.S. to its international facilities to avoid European Union's tariff. The company expects ramping-up production in international... Want to know when you will die? Google can tell. Google has tested an artificial intelligence or AI computer system that can predict whether hospital patients will pass away 24 hours after admission. Not just that, the system can also guess the length of a patient's stay in hospital and his chances of being readmitted. Piper Jaffray analyst Michael Olson said Monday that the video-game industry revenue could be 100 percent digital by 2022 and result in publisher margins being "dramatically higher." According to Olson, an all-digital video game world would be a tailwind for publishers like Activision Blizzard Inc., Electronic Arts Inc. and Take-Two Interactive Inc.
Follow RTT