Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]
APC Overnight has reported larger parcel volumes this year as well as a greater uplift on its busiest day, after seeing increases in both turnover and pre-tax profit last year.
Supply chain provider Gist has extended its services for soft fruit producer Berry Gardens after 20 years of working with the business.
Acumen Automotive Logistics claims it can triple its turnover in three years after winning a three-year contract with Jaguar Land Rover (JLR).