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Rotala says trading in line with expectations; eyes acquisitions

By BFN News | 08:27 AM | Wednesday 23 January, 2019


Bus company Rotala said trading during its financial year through November was in line with market expectations. Net debt had fallen to £31.5m by 30 November, down from £32.8m at the half year, the company said. In the current financial year, Rotala said trading had begun 'in line with budget'. However, new regulations for bus operators continued to cause uncertainty, it added. 'Accordingly, the board remains focused on identifying suitable acquisitions which will enhance and expand the services of the group,' Rotala said. 'At the same time the group possesses ample financial facilities to undertake further acquisitions.' At 8:27am: (LON:ROL) Rotala PLC share price was +1p at 53p Story provided by StockMarketWire.com

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