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Hoyer makes more Killer thief to
Page 7
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HOYER UK, PART of the giant German-owned Hoyer Group, boosted its pre-tax profit by almost £1m in its latest financial year.
Figures for the year ending 31 December 2004 show the domestic and international bulk liquid transport operator increased its pre-tax profit from £13m to £2.2m; gross profit on sales climbed by just over £2m, from £12.6m to £14.7m, on a turnover of £108m.
Meanwhile, the Hoyer Group, based in Hamburg, increased its total turnover in 2004 by 11.6% to £494m (€730m).
"The year 2004 demonstrates that our strategy is working, particularly in such a challenging competitive environment,says Thomas Hoyer. spokesman for the executive board.
Hoyer Group expects a further increase in turnover this year. It also has plans in place to improve upon its profit margin of 1.2%.