Profit at Jamaica’s intra-island luxury bus service, Knutsford Express, rose 23 percent for the quarter ending November 2023 to $72 million up from $59, million in 2022 and 10 percent for the half year to $158 million from $143 million in 2022.
Knutsford Express
Revenues for the second quarter and the half year were up 19 percent respectively to $473 million from $398 million for the November 2022 quarter and for the half year, to $965 million from $830 million in 2022.
Profit resulted in 14 cents earnings per share for the quarter and 32 cents for the six months to November. ICInsider.com projects 85 cents for the year to May 2024.
The company generated net cash from operating activities of $225 million up from $173 million in 2022 but ended with cash outflows of $32 million that arose from payments of dividends, purchase of property and loan repayment, reduced the funds at the end of May of $87 million to $55 million at the end of November.
