Profits up
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TRANSPORT Development Group Ltd increased its profits from £3,542,000 to £4,520,000 the first six months of this year, compared with the same period last year.
Road haulage contribution to profit before tax improved from £3,212,000 to £4,321,000; storage and other transport services rose from £3,191,000 to £4,117,000; exhibitions and reinforcement produced £521,000 profit against £561,000 last year.
Better results came from the Australian subsidiaries — £1,061,000 against £827,000 in profit contribution before tax.
Mainland Europe provided a massive inflow; up from £296,000 to £988,000. The equivalent figures for "Un Kingdom and others" shol an increase from £5,814,001 £6,910,000.
An interim dividend of 1 per share (lp per share year) has been declared will be paid on November Chairman James Dun says the results for hau and storage undertaki trading during the half were encouraging, v increased traffic ensui uplifted profits.
"These remain highly c petitive activities, and destructive under-cutting rates, to levels below wh. needed to sustain a sc enterprise in a period of inflation, is still evident."