Malcolm Group blames Covid for dip in revenues


 

Malcolm Group saw revenues fall 12.9% in the year ending 31 January 2021, after both its logistics and construction services and waste management divisions were impacted by the pandemic. Turnover was £193.8m in the period, compared to £222.6m the previous year. Operating profit was £9.5m, against £10.6m in 2020, although its operating margin increased to 5% from 4.7%, an improvement described by the group as “a creditable performance, given the impact of the Covid-19 pandemic throughout the global economy”. Read […]