FirstGroup 1Q Trading In Line With Views

8th Jul 2010 11:09

LONDON (Dow Jones)--FirstGroup PLC (FGP.LN) said Thursday overall trading during the first quarter ended June 30 is in line with management expectations and added it expects to achieve moderate earnings growth during H1, in line with the full year. MAIN FACTS: -Like-for-like passenger revenue for U.K. Bus grew by 0.9% during the period; Expects to increase the frequency of services and to grow its bus networks. -U.K. Rail business continues to deliver a good performance with like-for-like passenger revenue growth of 3.7% in the period, despite the reduction in regulated fares from January. -U.S. Dollar revenues in Student business were broadly flat during the period. -First Transit's performance continued to be strong with like-for-like U.S. Dollar revenues increased by 5.5% in first quarter. -Greyhound continues to demonstrate improving trends with like-for-like passenger revenue increased by 3.0% during the period. -Shares at 1006 GMT up 2.7 pence or 0.72%, at 377.4 pence, valuing the company at GBP1.81 billion. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 08, 2010 06:09 ET (10:09 GMT)