Profits of Citybus Buyer Up by 14pc

Summary


THE transport firm which bought Plymouth Citybus has announced an increased operating profit of Pounds 115.1million for the past year. The giant Go-Ahead Group plc, which paid Pounds 19million for Citybus in December 2009, saw profits for the year to July 2011 soar 14 per cent from the Pounds 102million announced 12 months ago.

The firm's deregulated bus division, which includes Citybus, performed well during the year.

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Extract


Profits of Citybus Buyer Up by 14pc

A report said strong growth was achieved in existing businesses and also in those acquired by the group in the previous financial ...

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