TDG profit up
Page 6
If you've noticed an error in this article please click here to report it so we can fix it.
THE TRANSPORT Development Group has recorded a profit before tax of £9.3m for the half year to June 30. This is an increase of Elm on the same period of last year.
In the road haulage sector, a profit before tax of £5.6m was recorded, a slight drop of £300,000 on the previous year's figure. Turnover rose from £97.8m to £102m.
Profit before tax for the TDG plant hire and other transport services came to £570,000, compared with £600,000 for the previous year. Turnover was also down on the previous year's total, at £10.6m.
Group results for the UK revealed a profit before tax of £8.2m, compared with £6.2m for the previous year. UK turnover showed a £5m increase on last year's figure, at £109m.
The trading statement said that the slow pick-up in the economy has been reflected in increased profits. Road haulage has flattened out during the half year, but TDG expects it to respond to any further economic upturn. Storage, in particular cold storage, has become more profitable.