Gist rebounds from pension scheme woes to report £33m profit


 

Gist reported a £33m pre-tax profit in 2020, bouncing back from a loss the previous year caused by £28.5m in costs incurred due to the closure of its pension scheme to new members. The company, which provides supply chain services for retailers and manufacturers, also reported a broadly static turnover for the year ending 31 December 2020, of £471.8m (£471.1m). It said that the pandemic had changed consumer behaviour and volume volatility in the UK food market place and Brexit […]