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P PARCELS
Page 7
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APC reveals turnover rise, but profit falls back
THE ALTERNATIVE Parcels Company (ARC) says it is bucking the economic trend after reporting a rise in its turnover.
Operating profit at the Wolverhampton-based parcel delivery company for the year to March 2009 fell to £370,600 from £500,850 the previous year.
Pre-tax profit also decreased to £306,838 this year from £567,908 in the previous 12-month period. But tutnover rose to £51.5m from £50.8m.
An APC statement says the directors are 'satisfied w th the profit and position at the year end, given the amount of reinvestment and adverse trading conditions". Marketing director Jon Barber continues: 'Consignment levels for the summer 2009 period achieved record levels up significantly compared al: OR with the same period in 2008',