A first and second class service was provided until 1855 then a first and third thereafter, the fares being 1½d and 1d per mile respectively. There was little difference in the coach seating layouts, only in the quality of the seats. The first year saw the company run a decent profit and the investors were rewarded with a 5% dividend but the dividend in 1858 was halved to 2½% due to a reduction in revenue because Lossiemouth harbour was closed for four months for basin enlargement. This was discussed at the annual general meeting in the following October—at this meeting the main instigator of the railway, James Grant was elected chairman.