Record annual profits for National Express

[Stu]

From Express & Star:

Record annual profits for National Express

The National Express public transport group achieved record profits last year helped by increased numbers of bus passengers in the West Midlands.

The group, which runs bus services in the region, saw pre-tax profits grow by 5.2 per cent to £187 million. Revenue was ahead by 12 per dent to £2.74 billion with £599.7m coming from the UK.

It is adding new routes and growing its accessible transport business in the region which has the fastest growing bus usage of any region in the country.

Nearly a million extra passengers were added in the West Midlands last year.

Mr Finch said that National Express had transformed itself in the last 10 years, turning around a business in deep crisis to one that was consistently delivering record-breaking results and strong returns.

"Building on these firm foundations, the next decade presents a different set of challenges and I firmly believe, opportunities," he added.

Full article: https://www.expressandstar.com/news/business/2020/02/27/record-annual-profits-for-national-express/

[winston]

I bet First Group are jealous....

[Busboy105]

That's pretty amazing. Considering that they have zero or little competition, they're doing very well.

[monkeyjoe]

That's pretty amazing. Considering that they have zero or little competition, they're doing very well.

They have run out of disgruntled ex bosses trying to setup competition. Fair play to them on the results.