Ferguson Transport remains optimistic after pandemic hits profits


 

Ferguson Transport said a fall in revenue from handling goods in its warehouse division last year was more than compensated by additional storage charges and increased demand for capacity. In its accounts for the year ending 30 September 2020, the Cramlington haulage and warehousing firm said that although trading was heavily impacted by Covid-19, the board regarded its profit after tax of £103,000 as “a very satisfactory result”. Turnover fell by 10.5% to £19.9m and pre-tax profits slid by 9.6% […]