logo
  

FirstGroup FY Loss Widens

FirstGroup plc. (FGROY.PK,FGROF.PK,FGP.L) reported that its loss attributable to equity shareholders for the year ended 31 March 2020 widened to 327.2 million pounds or 27.0 pence per share from 66.9 million pounds or 5.5 pence per share in the prior year.

Statutory operating loss was 152.7 million pounds, compared to profit of 9.8 million pounds last year, reflecting charges relating to the North American self-insurance provision, Greyhound impairment charges, restructuring and reorganisation costs and coronavirus-related charges.

Statutory loss before tax was 299.6 million pounds compared to loss before tax of 97.9 million pounds in the previous year.

Adjusted profit before tax was 109.9 million pounds down from 208.2 million pounds in the prior year.

Adjusted earnings per share was 6.7 pence, down from 13.2 pence last year.

The Board is not proposing to pay a dividend in FirstGroup for the year to 31 March 2020 but will continue to review the appropriate timing for restarting dividend payments.

"Recognising the usual seasonality of our First Student business over the school summer holiday period, we would expect this relatively resilient financial performance to persist while these arrangements remain in place," the company said in a statement.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Asweets Global Inc. is recalling about 2,000 units of Wonder & Wise Activity Tables for potential risk of choking hazard to young children, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the screws of the tables can become loose and/or detach from the xylophone component of the activity tables to pose a choking hazard to young children. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared...
RELATED NEWS
Follow RTT