Ups and downs in T&B results
29th September 1994, Page 12
29th September 1994
Page 12
Page 12, 29th September 1994
— Ups and downs in T&B results
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
by Lee Kimber • The rates war in the grocery distribution sector depressed Tibbett & Britten's turnover growth in the first halfof the year.
supermarkets passed on the food price squeeze to its Low-field food distribution business.
Pre-tax profits barely moved, from £ 7m to 1:7.1m: ana lysts say the figures were depressed by last year's loss of Whitbread and Asda contracts, together worth about £3m. If the loss of these contracts is ignored, increased volumes from T&B's clothes, DIY and particularly its consumer products contracts, doubled turnover growth.