Better times coming
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TOWMASTER Transport, the Arthur Bell whisky group's road haulage subsidiary, has reflected the plight of the industry by turning a 1979/80 profit of £45,000 into a £59,000 loss in the year ended June 30.
According to Bell, the general problem of low haulage activity against a background of heavy increases in fuel costs and in duty prevented Towmaster from being able to charge economic rates.
But the company is confiden that it should return to profit ir the half year to December 31, a! increased productivity measure: should bear fruit by then.
Overall, the group's pre-ta: profit rose from £18,8m to f20rr and turnover rose fron £202.82m to £233.75m.