Arcese profit falls for second year running


 

Tilbury, Essex-based haulage, freight forwarding and logistics firm Arcese UK said it is working to address its business performance after suffering a 90% fall in profit over the past two years. Turnover in the year ending 31 December 2014 fell 4% to £23.02m (2013: £24.07m), while pre-tax profit dropped 85% to just under £37,000 (2013: £258,000). This is the second year running that profit has been hit hard at the Italian-owned firm. Last year’s pre-tax profit was 30% down on […]