Tuffnells makes a loss as Connect Group battles on

Tuffnells Parcels Express

Connect Group saw its pre-tax profit and turnover fall in the first half of its current financial year, as its previously strong Tuffnells division crossed the line from profitability to loss. Pre-empted by a profit warning in January, the group saw a 30.3% drop in pre-tax profit for the six months ended 28 February 2018 to £15.1m (compared to a £21.7m pre-tax profit in the first half of 2017), which it attributed to the reduced performance from Tuffnells and an […]