Fleet investment eats into Simon Gibson Transport’s pre-tax profit


 

Simon Gibson Transport saw its pre-tax profit almost halve in 2016 after “heavily” investing in upgrading its fleet during a year of “more difficult” trading conditions. In its latest annual results to 31 December 2016, the East Yorkshire bulk powder haulier showed a 47% drop in pre-tax profit to £770,030 (2015: £1.4m) after spending £740,232 on improving its fleet. In the annual results strategic report the company said its fleet investment strategy “is imperative in ensuring the highest standards and […]