Full-year results to 31 March 2011
16th June 2011, Page 15
16th June 2011
Page 15
Page 15, 16th June 2011
— Full-year results to 31 March 2011
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Wincanton slumped to a £25.9m loss in the period, compared to a £3m pre-tax profit the previous year, highlighting Born’s considerable task ahead. Group turnover was broadly flat at £2.18bn. UK and Ireland sales were also static (increasing just 0.14% to £1.32bn), while underlying operating profit dropped by £1.6m to £46.8m. The firm also announced the sale of its German road businesses in central and eastern Europe to Raben and its logistics operations in the Netherlands to JCL for a combined price of €46.5m (£41.4m).