Ticker SAGA

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Market open
% change
Price Pence
As of 08:20 24 Sep 2018
Market cap. Pound sterling
1,438.41 million
As of 08:21 24 Sep 2018

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Saga reports modest rise in profits

Saga Holidays
Saga Holidays

Shares in travel group Saga are up 6% after reporting a modest rise in full-year profits.

The company's cruise and tour operations were hit last year by the collapse of Monarch Airlines.

Pre-tax profits for the year ended January rose to £190.1m, from £187.4m in the previous year.

"In a challenging market we have delivered a set of full-year results which is in line with the rebased profit expectations set at the end of 2017," said Saga's chief executive Lance Batchelor.