Pallet-Track sees profits leap by more than half in 2020


 

Despite volumes being hit by the first Covid-19 pandemic lockdown last year, the boom in e-commerce has seenPallet-Track rally to deliver a 57% leap in pre-tax profit. Reporting its annual results to 31 January 2021, the pallet network, which has over 70 shareholder members, revealed that hub revenue jumped by 9.5% to £18.5m (2020: £16.9m) in the period, with network delivery revenue rising 4.8% to £92.9m (2020: £88.6m). Total revenue for the year came in at £111.3m, up from £105.5m, […]