EFS Global revenues surge but pre-tax profits slip


 

EFS Global boosted its revenue by 44% during the last financial year, new documents have revealed. The Burnley-based haulage and logistics business reported a turnover of £37.9m in the year ending 31 March 2020, an increase from £26.3m the year before. Gross profit grew from £4.3m to £5.2m over the same period, but additional costs resulting from a series of acquisitions saw pre-tax profit slide from £1.1m in 2019 to £647,000. In its financial results, the acquisition-hungry company said that […]