StockMarketWire.com - Bus and train company Stagecoach, which is in talks over an all-share takeover by rival National Express, posted a rise in first-half profit as passenger volumes recovered post-lockdown.

Pre-tax profit for the six months through October increased to £31.1 million, up from £5.4 million year-on-year, as revenue jumped 27% to £579.4 million.

Stagecoach didn't declare an interim dividend.

'We are pleased at the positive progress of the business as confidence in public transport returns and more customers use our bus, coach and tram services,' chief executive Martin Griffiths said.


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