IFC improves Is position
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NATIONAL Freight Corporation announced a profit for 9 of Um on a turnover of £432m. The result is an ovement over 1978 when the profit was £0.3m on a 7, turnover. In percentage terms the 1979 profit 3sents .5 percent on turnover.
RS Group and National Carriers were the only two panies to improve their performance over last year ugh all the others with the exception of Roadline turned ofits on their net results.
oadline lost £5.0m against a £700,000 loss last year. onal Carriers, because of a change in their financial Mire cannot compare their net results, but their trading it increased from £2.8, to £4.3m. BRS Group moved up 1£2.5m to £3.4m. Pickfords held their ground at £2.2m on luced turnover. Special Traffics showed a remarkable It again in 1979 when they once again broke even.
le move towards increased contract hire work continues accounted for E79.3m of revenue last year whereas eral haulage accounted for £43.8m.
ie BRS Group trading profit of £10.3m is 7 percent of 3ver but its net profit at £3.4m is 2 percent. In relative s 1978 was a better year for BRS when its percentage on 'foyer of £127.4m was 9 percent on trading results. On want the comparable 1978 figure was also 2 percent.
ie NFC report points out that the haulage strike of Lary 1979 had an adverse effect on its trading position.