(Sharecast News) - 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
Firstgroup (FGP)
