Knowles keeps margins high despite fall in turnover


 

Cambridgeshire transport and storage provider Knowles Transport managed to generate an 11.4% pre-tax profit margin in the year to the end of December 2013 despite a sharp drop in turnover, figures logged recently at Companies House have shown. Turnover for the year fell almost 18% from £33m to £27.1m; pre-tax profit fell over 25%, from £4.2m to £3.1m. In its financial statement for the year, the company described the results as “pleasing, given the current trading environment”. Business development director […]