StockMarketWire.com - Stagecoach Group booked a rise in first-half profit that was largely boosted by one-off items as revenue fell.

Pre-tax profit rose 8% to £96.7m, while revenue fell 10% to £1.80b.

Adjusted pre-tax profit, which strips out intangible asset amortisation and exceptional items, fell to £96.7m from £97.2m.

The railway company kept its dividend unchanged at 3.8p per share.

"We are focussed on making further progress in the second half of the year and have maintained our expectation of full year adjusted earnings per share," chief executive Martin Griffiths said.






Story provided by StockMarketWire.com