UK bus and rail operator FirstGroup raises annual profit outlook

UK bus and rail operator FirstGroup raises annual profit outlook

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A Great Western Railway train passes in front of Windsor Castle in Eton

A Great Western Railway train passes in front of Windsor Castle in Eton, Britain, January 26, 2023. REUTERS/Peter Nicholls Acquire Licensing Rights

Oct 11 (Reuters) – British transport operator FirstGroup (FGP.L) on Wednesday forecast fiscal 2024 profit ahead of its prior expectations, partly helped by strong passenger numbers and increased leisure travel during the summer period.

The company said it expected fiscal 2024 adjusted operating profit to be ahead of its earlier forecast by about 14 million pounds ($17.20 million) to 20 million pounds.

($1 = 0.8139 pounds)

Reporting by Yadarisa Shabong in Bengaluru

Our Standards: The Thomson Reuters Trust Principles.

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