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Rotala drives pre-tax profit up 18%

By BFN News | 08:02 AM | Friday 11 August, 2017

Bus operator Rotala grew its revenue by 4.5% to £28.6 million in the six months ended 31 May, with pre-tax profits before exceptional items up by 18% to £1.34 million. Operating margins increased slightly to 18.9% from 18.2%, which the group said was a result of its better use of bus assets. Revenues in the Contracted Services division rose by 6% to £10.4 million. Contracted Services are expected to contribute an increasing proportion of the group's revenues in both the short and medium term. In the first half of 2017 Contracted Services comprised 36.5% of group revenues, compared to 35.9% in the same period of 2016. Revenues in the Commercial Services division rose by 2% to £16.9 million, with stable revenues in Preston and the West Midlands and rising revenues in the Manchester area. In and around Heathrow the expansion into bus routes in Surrey produced revenue gains which were offset by the group's decision to discontinue a number of services in the Bristol and Bath area. Revenues in the Charter Services division rose by 30% compared to the previous year to £1.28 million, reflecting the contribution in the private hire stream of business of the two small acquisitions of Wigan Coachways and Elite Minibus and Coach Services completed in 2016. The company said current trading is in line with market expectations. At 8:02am: (LON:ROL) Rotala PLC share price was +0.5p at 60.5p Story provided by

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