A strong set of financial results from Arriva have given further evidence that the passenger transport sector is prospering, despite the current uncertain economic climate.

The Sunderland-based group achieved increased profits across all three of its divisions - UK bus, UK rail and mainland Europe. Over the six months to June 20, 2008, revenue was up 59% to £1,443.4m (2007: £909.2m), reflecting strong growth across all three divisions and the first full half year of the new CrossCountry franchise. Operating profit rose 44% to £76.3m (2007: £52.9m).

The addition of CrossCountry to Arriva's UK Trains division, which also includes Arriva Trains Wales, saw its operating profit rise significantly to £14.8m (2007: £1.1m) on revenue of £415.5m (2007: £121.6m). CrossCountry passenger revenue was up 10.3% on the equivalent services last year.

The UK Bus division showed an increase in operating profit of 20% to £45.5m (2007: £37.8m) from revenue of £454.5m (2007: £399.7m), up 14%. The operating profit margin is now 10.0%. Arriva said the improved margins reflect strong trading with increased patronage, and contributions from acquisitions, including TGM.