logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Netflix Inc. and movie studio Disney are finally taking their deal that was announced in 2012 to the next level. The online movie rental service will become the exclusive U.S. pay-TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar. Abercrombie & Fitch Co. (ANF) reported a GAAP net loss attributable to company of $39.6 million for the first quarter ended April 30, 2016 compared to a loss of $63.2 million, last year. Excluding certain items last year, net loss attributable to Abercrombie & Fitch Co. increased $2.4 million. Net... Dollar General Corp. (DG) reported first-quarter net income of $295 million, or $1.03 per share compared to $253 million, or $0.84 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.95 for the quarter. Analysts' estimates typically...
comments powered by Disqus
Follow RTT