Stagecoach meets expectations with full-year profit rise
LONDON, June 24 (Reuters) - British transport operator Stagecoach reported a rise in full-year profit on Wednesday with the firm saying it hoped to build on its performance, having already had a "satisfactory" start to 2015-16.
The company, which operates bus and rail services in Britain, posted full-year pretax profit of 185.0 million pounds ($291.3 million) in the 12 months to the end of April, 2.4 percent higher than last year.
The firm, which also runs services in North America and Europe, was expected to post profit of 182.1 million pounds according to a Thomson Reuters poll of 13 analysts.
($1 = 0.6350 pounds) (Reporting By Costas Pitas, Editing by Paul Sandle)