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Rotala sees FY broadly in line, says current year in line with budget

By BFN News | 07:59 AM | Wednesday 16 January, 2013


Rotala said its operating results for the year ended Nov. 30, 2012, would be broadly in line with management's expectations, and that it had started the current year satisfactorily and in line with budget. This was "notwithstanding the 20% reduction in the Bus Services Operators' Grant early in the year and continuing pressure on local authority transport budgets as a result of Government austerity measures," the company said. "The interest charge for the full year is expected to be marginally higher than market expectations," it said. Chairman John Gunn said: "Given the industry conditions created by central government policies, we believe that the Company produced an acceptable performance in 2012. "The current financial year has started on the right track." Story provided by StockMarketWire.com

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