Eddie Stobart grows but return to stock market puts temporary brake on profit

Eddie Stobart truck
 

Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss. Having completed an initial public offering (IPO) on the Alternative Investment Market in April, the haulier saw revenue climb 7.7% to £287m (2016: £266.4m) in the six months to 31 May 2017. Underlying turnover growth, which strips out the end of the […]