Whitchurch, Shropshire-based food logistics specialist Grocontinental has reported a near 29% increase in pre-tax profit for the year ended 31 October 2012 . Profit increased from £2.08m to £2.68m, which came on a rise in turnover of almost 9% to just over £28.3m (2011: £26m). Turnover was split almost evenly between the firm’s distribution (51.2%) and warehousing (48.8%) activities. The family-owned firm, which runs 65 tractive units and has 120 temperature-controlled and curtainsided trailers, said its warehouse space utilisation rose […]
Wincanton has been awarded a five year contract expansion with Morrisons, handling the logistics for its convenience stores in the North.
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 […]
Pentalver has said it will continue to seek new opportunities after a year that saw it open a container services site at London Gateway and expand its services in specialist haulage.