Stagecoach has reported a "challenging economic environment supporting a modal shift away from car to bus", as it recruited and trained more than 2,300 new bus drivers during the half-year.
The Perth-headquartered transport group's interim results for the six months ended 29 October 2022 showed growth in adjusted profit, reflecting recovery in passenger volumes and payments from national governments to protect public transport services.
Revenue rose to £669.6m in the last six months, from £579.4m in the same period last year. Adjusted pre-tax profit rose to £36.4m from £18.4m, in line with expectations.
