Saints Transport confident it can weather Covid-19 storm despite further losses


 

Air freight haulier Saints Transport more than tripled its losses in the 18 months to 30 June last year. In its latest financial results the family firm, which is based at Heathrow, revealed that, despite increasing turnover to £34.8m (2017: £24.3m) in the period, its losses almost trebled to £1.5m (2017: £497,837). Saints Transport’s gross profit margin fell from 22.7% in 2017 to 18.62% in 2019, which the company said was the result of oil price rises. In its strategic […]