Covid cost control measures help Palletline profits soar


 

Aggressive cost control measures helped Palletline ride the initial storm of Covid-19 last year, with reported operating and pre-tax profits significantly up on 2019. The latest financial results for the pallet network, for the year ending 30 June 2020, showed that it increased turnover by 1% to £150.2m. But pre-tax profit increased from £375,000 in 2019 to £1.1m during the period, with an operating profit of £1.3m – well ahead of the £528,000 reported in the 2018/19 financial year. In […]