• Nottingham-based bus operator Barton Transport turned a £119,000 pre-tax
2nd June 1988, Page 19
2nd June 1988
Page 19
Page 19, 2nd June 1988
— • Nottingham-based bus operator Barton Transport turned a £119,000 pre-tax
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profit into a £134,000 loss in the half year to March, with turnover dropping £214,000 to £3.46 million.
The company blames deregulation, which it says is beginning to bite on many of its routes, with a rapid increase in competitors. It withdrew from Stamford in April, sacking 30 of its employees, but says it hopes to return to the black with "good housekeeping" between now and next March.
Barton, which is publicly quoted and employs 550 with 230 vehicles, suffered losses per share of 23.4p against earnings of 16.7p, according to the chairman's statement.