Rotala Plc (LON:ROL) told investors that trading in the 2019 financial year was in-line with market expectations.
The company, in a statement, highlighted that it achieved significant additional growth through the acquisition of the Bolton depot of First Manchester Limited in August 2019.
That deal opened-up a larger operation in the North West.
It is now the second-largest bus operator in the Greater Manchester market and the company expects to realise further benefits from the acquisition of the Bolton operation over the course of the year.
Rotala added that it expects to maintain its progressive dividend policy, with the details of a final dividend payment in due course.
Giving its outlook, Rotala said: “The company is pleased to report that trading for the current year has begun in line with budget.
“Furthermore the board remains focused on identifying suitable acquisitions with a view to continuing to expand the operations of the Group, thereby making full use of the ample financial facilities which it possesses.
“The group performed well in 2019 and, with a strong management team and a comprehensive network of operating facilities, is well placed to capitalise on its enhanced position in a period when the bus industry continues to undergo considerable change.”