1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198 
Russell bosses upbeat despite profit slump
Page 12
If you've noticed an error in this article please click here to report it so we can fix it.
SCOTTISH ROAD and rail specialist John G Russell (Transport) has seen its pre-tax profits slashed by more than 50%.according to its latest set of accounts.
The Hillingion, Glasgow-based firm boosted its turnover to £33m in the year ending 31 March 2005; up from £29.8m the year before.
But pre-tax profits slumped to just £1Am, down from £3.4m in 2004. although the 2004 results were boosted by the disposal of fixed assets which earned the firm £3.2m. Operating profits were actually up £400,000 on 2004 levels.
The annual report says: The directors are encouraged by modest growth in core activities and improved trading margins as a result of recent efforts to address uneconomic operations, "They are confident their ongoing efforts will improve the long-term prospects for the business.., action taken demonstrates a strong COMmitment to the Scottish economy" But they warn the full impact of the Road Transport Directive will not be known until at least 2006.
Russells' hulk liquid transport subsidiary Camtyne Transport boosted its turnover to £.11.2m and pre-tax profits to .£500,000.