Clipper Group sees profit up and strong pipeline of business ahead


 

A “strong” pipeline of new business in its logistics division helped Clipper Group offset a serious decline in turnover at its CV dealerships in the year to the end of April 2013, the firm’s annual accounts reveal. Group turnover fell 5.1% in the year, from £174.9m to £166.1m, but despite this, pre-tax profit rose 11.1% from £4.1m to £4.6m, representing a rise in margin from 2.36% to 2.77%. Clipper’s logistics activities during the year generated just under £99m in revenue, up […]