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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/rail-demand-lifts-goahead-profits.jpg"><img class="alignnone size-full" title="Transport group Go-Ahead said revenues at Southeastern and Southern were up by 6%" src="http://londonglossy.com/wp-content/uploads/2010/12/min-rail-demand-lifts-goahead-profits.jpg" alt="Transport group Go-Ahead said revenues at Southeastern and Southern were up by 6%"/></a></p>
<p>Transport group Go-Ahead has said it will make better-than-expected half-year profits as more passengers use its train services.</p>
<p>But the company remains cautious for the next six months, despite pushing through inflation-busting price hikes in January.</p>
<p>The firm said revenues at Southeastern and Southern were up by 6% and at London Midland by 7% in the second half of 2010. It now expects first half operating profits to be in line with the same period last year when it made £19.9 million, whereas it had previously forecast a drop in profits in the period.</p>
<p>Go-Ahead said the improvement reflected the performance of its rail division, largely due to procurement savings.</p>
<p>Rail providers across the UK are putting prices up by an average of 6.2% in January as part of the Government&#8217;s plans to invest in the network. Some fares at Southeastern are going up by as much as 12.8%. The firm, which runs its rail services in a joint-venture with French company Keolis, said passenger numbers were up 4% at Southern and London Midland.</p>
<p>The Government allowed train operating companies to raise regulated fares, which include season tickets, in 2011 by 5.8% &#8211; one percentage point above retail price inflation of 4.8%. Southeastern was allowed to raise its prices by 7.8%, or three percentage points above the inflation rate.</p>
<p>Its bus division, which operates services including Metrobus in Sussex, Plymouth Citybus and Oxford Bus Company, also put in a solid performance and should make better operating profits than last year.</p>
<p>The company&#8217;s deregulated bus operations saw revenues and passenger numbers increase by between 3% and 4% in the period. Its regulated London bus operation performed in line with expectations, with revenues 7% below last year due to changes in incentive-based contracts.</p>
<p>Despite the strong performance in the second half of 2010, Go-Ahead remained cautious in its outlook. It said: &#8220;Our operations are proving resilient with continued passenger growth across our bus and rail operations. However, we continue to anticipate challenging economic conditions in the near-term and therefore believe it is prudent to maintain our full-year expectations as previously reported.&#8221;</p>
<p>Its rail business remains difficult to forecast but it said all three divisions will be in profit in the first half of 2011.</p>
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