(Adds details on results, background)
Sept 5 (Reuters) - UK transport company Go-Ahead Group Plc
on Thursday reported full-year revenue that beat market
expectations, but profit was dented as its rail division
suffered from the loss of the London Midland franchise.
Go-Ahead said revenue rose because of its bus operations in
Singapore and new operations in Ireland.
Analysts on an average expected annual revenue of 3.44
billion pounds, according to Refinitiv Eikon data.
The company said it expects lower operating profit for its
rail division in 2020. But the Govia Thameslink Railway
franchise, which includes Thameslink and Southern services
between London and the south coast, is expected to generate a
modest profit margin in 2020, the company said.
Go-Ahead said revenue rose 10% to 3.81 billion pounds,
however, pretax profit tumbled 33.4% to 97 million pounds for
the year ended June 29.
($1 = 0.8145 pounds)
(Reporting by Samantha Machado and Yadarisa Shabong in
Bengaluru; Editing by Sriraj Kalluvila, Bernard Orr)
