Abbey Logistics reports improved performance and builds platform for growth


 

Tanker company Abbey Logistics is on the road to recovery after more than halving its losses in the past financial year and delivering ‘strong profitability’ this year. Unveiling its annual results to 27 June 2020, Abbey Logistics said underlying EBITDA in the year had risen “significantly” to £4.6m – a 37% increase over the prior year – whilst net losses were reduced by 68% to £1.2m. The company said financial performance has been much stronger in the second half of […]