LONDON, Nov 5 (Reuters) - Trainline, the British train and coach ticketing company that listed in June, reported a 29% rise in first-half revenue after the growing popularity of e-tickets helped drive net sales on its app and website.
The company, which raised its full-year revenue growth target to low to mid-20% in Sept, said it was pleased with its strong performance in the period, which produced revenue of 129 million pounds ($166 million) on net ticket sales up 19% to 1.8 billion pounds.
Adjusted core earnings nearly doubled to 42 million pounds, it said on Tuesday.
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.