Expect Distribution blames loss-making two man service for profit drop


Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track. The company saw its pre-tax profit fall by 17.5% to £548,152 for the year ended 30 November 2015 (2014: £664,812). The directors’ strategic report said the fall was, in part, due to the two-man delivery service, “which continued to incur significant losses prior […]