Beating the strike
22nd March 1980, Page 20
22nd March 1980
Page 20
Page 20, 22nd March 1980
— Beating the strike
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TRANSPORT Development Group's results for 1979 are up an those for the previous year, despite the harmful effects of the road haulage strike.
Pre-tax profits have increased from £19.8m to £22.2m, and turnover has risen from £219m to £248m.
The Group, which is the holding company for many well-known private sector hauliers, suffered a drop in profitein the first half of 1979, from 1978's £10.3m to £10.1m. But the second half results pulled it back ahead, from 1978's £10.6m to £13.3m.
TDG expects that there will be a decrease in its activities this year, but is confident that its widely spread assets will help it weather storms in which others will perish.