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Journeo PLC - Leicestershire, England-based transport system services provider - More than doubles pretax profit to £407,000 in 2021 from £193,000 the previous year. Revenue rises 15% to £15.6 million from £13.6 million. Company says it now has over 4,000 vehicles connected to its portal. Fleet sales increased 36% year-on-year while passenger sales decreased by 7% and remained below pre-pandemic levels.
Chief Executive Russ Singleton says: ‘Whilst 2021 proved to be another challenging year for public transport as passenger numbers remained significantly below pre-pandemic levels, Journeo showed great resilience throughout, securing a number of strategically important contracts, increasing revenues and profits, investing in research and development, and generating a significant and growing pipeline of opportunities.’
Current stock price: 100.30 pence, down 2.2% in London
12-month change: up 2.9%
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