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Rotala posts fall in profit due to acquisition costs; drops plan to pay dividend

By BFN News | 07:33 AM | Wednesday 22 April, 2020


Bus operator Rotala reported a fall in annual profit owing to acquisition costs and said it no longer planned to pay a final dividend due to Covid-19 uncertainty. Pre-tax profit for the year through November declined to £2.6m, down from £3.7m on-year. Revenue rose 8% to £67.5m but was more than offset by a rise in one-off expenses. Adjusted pre-tax profit rose 4% to £4.4m. Rotala had planned to declare a final dividend of 1.95p per share. 'The board will consider at an appropriate time in the future whether it may be possible to pay a special interim dividend to replace the abandoned final dividend for 2019,' it said. Story provided by StockMarketWire.com

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