Train firm results spark jobs hope - graduate jobs

Virgin Trains has come up with exciting results for the year up to March, raising hopes that the firm could offer more jobs for young graduates in the near future.

The company, which operates the London-Glasgow west coast mainline, has unveiled record revenues to the tune of £753 million for the period, which is up 11%.

Also, a whopping £110 million was paid to the Government under the terms of its franchise.

A total of £32.5 million dividend was shared by Stagecoach and Virgin Group, the firm's joint owners.

After the Government's payout, pre-tax profits fell to £55.7 million from £69.4 million. After-tax profits also dipped 21% to £39.9 million, out of which £6.5 million is being demarcated for funding new initiatives.

"Our partnership approach with the Department of Transport has seen passenger numbers grow faster than the market over the last six years," said the company's chief executive Tony Collins.

Copyright Press Association 2011