TDG plans rental revamp following falling profits
14th August 1997, Page 7
14th August 1997
Page 7
Page 7, 14th August 1997
— TDG plans rental revamp following falling profits
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• Transport Development Group plans to reposition itself in the rental market following "disappointing" results in its hire division.
Vehicle and plant hire firms TUG Vehicle Rental and Cox were both affected by margin pressure, with profits falling from £2.9m in the first half of last year to .flm this year. Two years ago these were IDG's most profitable sectors.
TDG's consumer and industrial divisions improved their performance, securing a number of contracts including British Gas Energy Centres and Guinness Brewing.
The group's pre-tax profit fell from 4:15.8m for the first half of 1996 to J.:15.1m this year.