Fowler Welch points to bright future after profit dips


 

Unexpected behaviour by supermarket customers, alongside the closure of its operating base in the Europe, led to a fall in turnover and pre-tax profit at Fowler Welch. For the year-ending 31 March 2014 turnover at Fowler Welch, a division of Dart Group, dipped to £153.2m, from £155.2m in the previous year. Pre-tax profit fell from £4.4m to £3.3m. The temperature-controlled specialist said that the fall in turnover was primarily due to the closure of its European depot in the Netherlands. […]