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.
Click here to receive FREE breaking news email alerts for National Express Group PLC and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org