New business and volume growth helps Fowler Welch profit rise


 

Pre-tax profit at Fowler Welch rose 12.8% last year, as a result of improved vehicle efficiency, new business wins and volume growth from existing customers. Parent company Dart Group revealed that pre-tax profit for Fowler Welch rose to £4.4m for the year ended 31 March 2013, up from £3.9m in 2011-12. It said this improvement was due to “organic volume growth and new business to offset any revenue losses”, while average miles per gallon increased slightly to 8.7, up from […]