Knights of Old halves losses and eyes quick return to profit


 

Knights of Old Group has insisted it is on course to return to operating profitability this year after its latest results showed a £1.2m pre-tax loss. It said new deals in the contract distribution sector and the acquisition of Steve Porter Transport in August 2019 will help the business return to profit. Group turnover for the year ending 31 May 2019 rose to £58.6m from £56.3m the year before. It also more than halved its losses, after posting a £2.9m […]