Profits boom for TIP Europe
6th October 1988, Page 15
6th October 1988
Page 15
Page 15, 6th October 1988
— Profits boom for TIP Europe
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• TIP Europe's pre-tax profits have rocketed 26% to £9.1 million in the year to 31 July.
The trailer rental company, which has just announced that it will spend £30 million on a fleet of 2,000 new trailers, is performing as well as it forecast when it floated its shares on the London and Amsterdam stock exchanges at the beginning of the year.
Turnover is up 7.7% to £34.8 million and utilisation rates are over 80%. The company is to open eight new depots before Christmas, including one in Nottingham.