Partner Article

Arriva profits down

Bus and train operator Arriva said its order book on mainland Europe order book surge 29% while its UK Trains passenger revenue growth continues to strengthen.

However, the Sunderland company mitigated a £60m fuel hit in the year to end-December, contributing to a 19% drop in pre-tax profits to £121.7m.

Basic earnings per share were up 4% to 54.5p (2008: 52.6p) and adjusted earnings per share were 58.8p (2008: 61.5p).

Final dividend was up 5% to 18.8p per share.

David Martin, CEO, said: “Arriva has come through a challenging year with resilient earnings. We have entered 2010 with improved efficiency which is contributing to current trading in all three divisions.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .