Go Ahead profits

Friday 18 September 1998 23:02 BST

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PROFITS AT Go Ahead's rail businesses more than doubled in the same period during which punctuality at one of its two rail subsidiaries, Thames Trains, fell 8 per cent and triggered a pounds 633,000 fine.

Figures for the year to 27 June showed that the Newcastle-based group's operating profit from rail rose to pounds 10.73m from pounds 4.70m. Rail passenger growth was 11 per cent. Profits from buses were flat. Group pre-tax profit was pounds 36.9m, up 72 per cent. Go Ahead shares closed at 766p, up 39p.

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