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 
NFC restructure reaping rewards
Page 13
If you've noticed an error in this article please click here to report it so we can fix it.
• The continued restructuring at the UK's largest haulage firm NIFC appears to be bearing fruit after the group announced a 39% increase in profits. In the year ending on 30 September, the company increased turnover by 12% on the previous year to nearly .C2.5bn and saw profits rise to .C105m.
The group's turnover and profits were increased by its new brewery concern Tradeteam and its acquisitions, particularly Spanish final Cedes Logistica. But even if these are stripped out of the calculations, underlying turnover still rose by 5%.
NFC's business in continental Europe saw an average 20% increase in turnover but recorded losses of £8.51n: reduced from .C1Om last year.
Chief executive Gerry Murphy, who has overseen the restructuring, says the group is now aiming to concentrate on winning dedicated logistics contracts for individual companies.