Stagecoach Theatre Arts FY pretax up 89 pct, resumes dividend.

(From AFX UK (Focus))

LONDON (Thomson Financial) - Stagecoach Theatre Arts Plc. posted an 89 percent rise in full-year pretax profit, resumed its dividend and said it is yet to see any negative impact from the reported fall in consumer economic confidence.

For the year to May 31, 2008, its pretax profit rose to 0.71 million pounds from 0.37 million a year earlier. Stagecoach said this is 33 percent ahead of market expectations, due to more students than forecast and continued reduction in overheads.

Revenue came in flat at 6.33 million pounds versus 6.32 million. Network fees -- or fees earned by …