Never miss an issue of Master Investor Magazine – sign-up now for free!
In a update for the period between 1st July and 28th November, Go-Ahead Group (LON:GOG) said that full year expectations will be met. The FTSE 250 consumer transit company saw strong growth in passenger numbers and revenues in its regional bus arms and improvement in GTR rail operations, as well as strong income in London and from Southeastern trains.
Chief Executive David Brown commented: “The Group has delivered revenue growth since the start of our new financial year.
“In bus, our London operations have continued to earn strong Quality Incentive Contract income through the delivery of good service performance. In our regional bus business, overall passenger volumes have grown although the trends remain mixed across the country.
“In rail, I am pleased that the past few months have seen a marked improvement in the operational performance of GTR. Southeastern has continued to perform very well and it has consistently been the best performing large train franchise in the UK in recent months.
“Positive momentum in our international strategy has been sustained with the award of a new rail contract in Norway, the start of bus operations in Dublin and a continuing good performance in Singapore“.
Go-Ahead’s share price rose by 8.19% to 1,678p (as of 12:10 GMT).