LONDON, July 22 (Reuters) - British transport company
Stagecoach said it was difficult to forecast future
profitability after its earnings per share fell 39% in its
2019-2020 financial year as the pandemic lockdown and
restrictions hit demand for travel.
Stagecoach, which runs buses across the country, the
low-cost coach service megabus.com as well as trams in
Sheffield, said earnings per share fell to 13.5 pence in the
12-months ended 2 May from 22.1 pence the previous year.
"It remains difficult to reliably predict profit for the new
financial year ending 1 May 2021," Stagecoach said. "In the
short-term, the actions we have taken and the continuing support
of government should ensure we continue to generate positive
EBITDA."
(Reporting by Sarah Young; editing by James Davey)
