September 6, 2018 / 7:31 AM / in 18 days

Go-Ahead shares jump 14 pct on higher FY profit

Sept 6 (Reuters) - Shares of Go-Ahead Group rose as much as 14 percent on Thursday after the transport company posted a 6.5 percent rise in full-year pre-tax profit and said its results were ahead of its expectations.

Pre-tax profit rose to 145.7 million pounds ($188.1 million) for the year ended June 30, from 136.8 million pounds a year earlier, the company said, as higher profit from its bus operations offset a fall in rail profit.

It also maintained its full-year dividend of 102.08 pence per share. ($1 = 0.7747 pounds) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Amrutha Gayathri)

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