News article

Arriva posts revenue increases

Arriva posts revenue increases
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Revenue generated from Arriva's bus and train operations climbed during the 11 months to November 30th, the company has said in a trading update.

Its bus division recorded a 4.4 per cent increase over the period, while jumps of 2.1 per cent and 6.1 per cent were seen at its CrossCountry and Arriva Trains Wales rail services respectively.

This - along with a cost-reduction programme - helped the transport group to offset increasing fuel prices and it said in a statement that both aspects of the business "have continued to provide excellent operational performance".

The news helped Arriva shares to rise 1.24 per cent in stock market trading this afternoon, taking them to 488.2p each at 15:40 GMT.

Cost savings across CrossCountry and Arriva Trains Wales totalled approximately £15 million and Arriva added that its board has ""greater confidence in a positive medium-term outlook" thanks to the current trading performance.

Posted by Greg SeckerADNFCR-1681-ID-19518760-ADNFCR