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National Express lifts divi after profit increase

27 July 2017 10:01

National Express (NEX) grew its normalised pre-tax profit by 11% at constant currency to £88.9m in the first half of the year.

Group revenues grew by 6.5% to £1.17bn.

The group increased its dividend by 10.1% to 4.26p.

The North American and ALSA divisions delivered a record half year, with profit increases of 8.2% an 9.2% respectively.

Dean Finch, National Express group chief executive, said this more than offset challenging trading in the UK.

"We continue to see the benefit of our recent acquisitions in driving good growth and creating shareholder value. These acquisitions are also helping us to expand in new growth markets, but we will remain disciplined in the opportunities we pursue," he added.

At 10:01am: (LON:NEX) National Express Group PLC share price was +14.65p at 375.75p

Story provided by StockMarketWire.com

Related Company: NEX

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