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Evans boosts profits
1st February 2007, Page 9
1st February 2007
Page 9
Page 9, 1st February 2007
— Evans boosts profits
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EVANS TRANSPORT, the Devon-based warehousing and distribution company, made a pretax profit of £228,000 last year on a £10.6m turnover.
During the financial year ending 31 March 2006 the family-ownedand-run business boosted its profit margins from 1.8% to 2.2%. The company also cut its workforce from 117 to 109, reducing its wage bill by £35,000 to i2.3m. Parent company ET Holdings is also controlled by the Evans family. Evans Transport conducted a lot of business with fellow group member Tipton Transport, including £346,000 sales to Tipton and £219,000 purchases from it.
In the same period Tipton Transport's turnover fell from I:2.8m to £2.7m but pre-tax profits rose from £25,000 to £71,000 representing a 2.7% profit niarOn.
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Devon