FirstGroup sees FY slightly ahead of forecasts

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Sharecast News | 12 Mar, 2024

Updated : 08:39

10:40 05/11/24

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Transport operator FirstGroup said it expected annual earnings would be slightly better than expectations after a strong performance from its rail division.

In a trading update ahead of full-year results FirstGroup said rail operations had benefited from higher demand and the settlement of one-off infrastructure and other claims during the period.

“Due to the slightly stronger performance in First Rail detailed above, the group anticipates that its full-year 2024 group adjusted operating profit and adjusted earnings will be slightly ahead of the board’s previous expectations,” the company said on Tuesday.

Reporting by Frank Prenesti for Sharecast.com

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