Fagan & Whalley profits soar despite market challenges


 

Lancashire-based logistics firm Fagan & Whalley has shrugged off the impact of Brexit, Covid-19 and rising fuel costs to report a surge in pre-tax profit. Reporting annual results to 30 April 2021, it said that although turnover grew by just 2.5% in comparison to the previous year, pre-tax profit was £1,465,293 (2020: £484,862) – an increase of 202.2%. The gross profit margin increased by 4.6% to 24.1% while retained reserves increased by £867,277 following a dividend of £328,284 to the […]