ACS&T boosts turnover, but profit hit by competitive margins in transport division


ACS&T said squeezed rates and higher subcontracting costs in its transport operations were the main reasons for a fall in operating profit during 2014, despite a boost in turnover. Results for the year ended 27 December 2014, show an operating profit before exceptional costs of £500,000 (2013: £1.2m). Turnover rose 4% from £20.5m to £21.3m in the period. MD Malcolm Johnstone said the results were in line with company expectations given the competitive environment in which the business operates. He […]