Eddie Stobart Logistics reveals £200m pre-tax loss as staff demand reassurances


 

Interim results for Eddie Stobart Logistics (ESL) show that the troubled firm made a loss before tax of £199.8m in the six months ending 31 May 2019. The consolidated results had been delayed following an announcement by the company in August 2019 that work was being undertaken “to clarify the impact of certain accounting-related items”. The results show that although ESL increased revenues by 26% to £421.3m compared with the six months ending 31 May 2018, profits slipped deeper into […]