FirstGroup H1 Loss Narrows, Slips To Adj. Loss; Updates On T

FirstGroup H1 Loss Narrows, Slips To Adj. Loss; Updates On Train Operating Company Contracts
LONDON (dpa-AFX) - FirstGroup plc (FGROY.PK, FGROF.PK, FGP.L), a provider of transport services in the UK and North America, reported Thursday that its first-half loss before tax was 100.1 million pounds, narrower than loss of 187.1 million pounds a year ago. Loss per share was 8.3 pence, compared to loss of 14.3 pence a year ago.
Adjusted loss before tax was 73.3 million pounds, compared to profit of 19.9 million pounds last year. Adjusted loss per share was 5.3 pence, compared to profit of 1.4 pence a year ago.
Adjusted operating profit plunged to 10.4 million pounds from last year's 88.9 million pounds. The company said adjusted operating profit was ahead of expectations earlier in the year driven by proactive revenue recovery and strong cost control.

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