WH Malcolm saw both turnover and pre-tax profit rise in the 12 months ending 31 January 2013 as it “enjoyed an increase in activity levels”.

Turnover was up 2.8% to £177.4m, from £172.5m in the previous financial year, at the logistics arm of the Malcolm Group. Pre-tax profit in the division rose to £9m, from £7.7m in 2011/12.

Chief executive Andrew Malcolm said: “Our logistics division again enjoyed an increase in activity levels during the year. Going into 2013, activity levels in both the logistics and construction services divisions in the first few months are in line with our expectations.”

WH Malcolm also includes contributions from the group’s construction and waste management businesses. Over the course of the financial year the company has “right sized the business” due to what it describes as continuing challenges in the sector.

During the financial year WH Malcolm signed a contract with RWE npower renewables to move recovered and virgin wood for its biomass plant in Fife.

In May it took delivery of 40 Euro-5 Volvo FM11’s, joining its fleet of 475 units – 200 of which are Volvo’s.