Wellglade, the holding company for the Trent and Barton bus companies, recorded another excellent set of results in the year to 31 December 2008, according to their annual accounts. The business achieved a rise of more than a quarter in operating profits, on the back of continuing strong revenue growth.

At 12%, the growth in turnover was at more than four times the prevailing rate of inflation. Whilst costs also increased sharply, the growth was contained at 9%, resulting in the improved operating profit and operating margin. However, a fall in net interest earnings meant that the pre-tax improvement was much smaller.

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