Stobart transport turnover up but profit flat


 

Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat. Revenue for the transport and distribution division increased 33% to £297.5m (2012: £222.9m), with the former Autologic business acquired in August of last year providing £54.5m of this. Stripping out the contribution from the now rebranded Automotive, turnover in the six months ended 31 August 2013 was £243m, representing growth of a […]