UK transport operator Go-Ahead said that it was now running more than 90% of its bus and rail services across the country but the pandemic was causing uncertainty over its outlook.
For the 12-months to 27 June, Go-Ahead posted operating profit before exceptional items of £77.9m. This was slightly ahead of its guidance, but below the £121m it made last year.
Go-Ahead operates some of the public bus services in Dublin.
Profit was hit by difficulties in its German rail business and from the impact of Covid-19 which pushed down passenger numbers in its regional bus business by as much as 90%, but the group did benefit from government support measures.
Go-Ahead said passenger numbers had now risen to 50 to 60% of previous levels as the economy opened up again.
But it said the next few months looked uncertain given new restrictions in the UK where Covid-19 infections are once again rising.
Government support for UK rail contracts will help its rail business to deliver a breakeven performance in its new financial year, but it said it could not provide a forecast for its regional bus unit.
On London and international buses, Go-Ahead said the division would make a profit similar to the £48.5m it made last year.