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The company said that it recorded a figure of £75.5 million for the six months to October 31st.
This was lower than the £105.2 million it made during the same period last year, however revenue rose slightly to 1.08 billion and the firm's interim dividend per share was increased to 2p.
As a result, shares in Stagecoach climbed during the morning session of stock market trading today (December 9th), rising 5.5p to 155.40p at 10:00 GMT.
Chief executive Brian Souter said that the company is currently in a "strong financial position" and is set to benefit once the economy recovers fully.
He remarked that it "performed well" during the six-month period, which he described as "challenging" due to the cost of pensions and fuel increasing.
Mr Souter added that steps have been taken to reduce expenditure across the group's operations.
Posted by Greg Secker
