Hargreaves’ transport profit almost halved after Imperial Tankers sale

Hargreaves
 

The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn. The group’s preliminary 2015 results show a 48% decrease in pre-tax profit compared with the former year, with a fall from £3.5m to £1.8m. Turnover in its transport arm decreased 23% from £89m in 2013 to £68.3m too. However, if Imperial Tankers’ contribution is stripped out, then turnover from […]