WH Malcolm sees profit and turnover dip despite strong performance from logistics arm

Andrew Malcolm
 

WH Malcolm saw profit and turnover dip last year, despite a “robust” performance from its logistics arm. The company’s latest annual results for the year to 31 January 2017 revealed a turnover of £200.1m compared with £207.2m the year before. Operating profit, before exceptional items relating to the firm’s pension scheme, amounted to just over £9.7m (2016: £10.4m). Pre-tax profit was £7.6m in the period, compared to a pre-tax profit of £17.2m in the prior year. 2016’s total was however […]