National Express Owner Sees Shares Fall
National Express owner Mobico has seen shares plunge after posting a drop in half-year earnings.
The coach and bus giant reported a worse-than-expected 12.7% fall in underlying operating profits to £59.9 million for the six months to June 30, down 4.8% on a constant currency basis.
It also remained in the red with statutory pre-tax losses of £7.1 million, although this was narrowed from £29.3 million a year earlier.
No comment from the company
Author summary: National Express owner Mobico posts drop in earnings.
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