NFT’s group revenue jumps nearly 30%

NFT reports its revenue up 27.5%

Alfreton, Derbyshire, UK: Chilled food distribution company NFT Distribution Holdings has reported an increase in group revenue of 27.5% to £202.2m (2016: £158.8m) for the 12 months to 31 March 2017.

NFT says that the results present an operating EBITDA margin of 3.2% and “reflect the continued investment by the business in increasing capacity to facilitate future growth”.

Loss before interest and tax for the year was reported at £4.3m (2016: £13.4m).

NFT says that it made significant progress on its multi-year strategic plan; achieving record revenue; completing the acquisition of NR Evans Holdings Limited in July 2016; increasing activity levels at the new multi-temperature logistics facility at the Port of Tilbury; investing in operational excellence; winning significant new business; and bolstering its capital structure.

Heath Zarin, chairman of NFT and managing director of EmergeVest (NFT’s owner), said: “We are pleased with the progress made during fiscal year 2017, which positions us well to achieve our strategic objectives. We have gained further momentum in fiscal year 2018 and look forward to exciting announcements in the near-term.”

NEWS DIGEST

Pelican BioThermal has new bulk shipper

Minneapolis, US: Pelican BioThermal has CoolPall Flex for pharmaceutical and life sciences applications. The system is an extension of Pelican BioThermal’s Crēdo, Chronos and CoolPall …

READ THE FULL STORY >

Rapid Recovery plays a key role in Asda retrofit

Bristol, UK: A-Gas Rapid Recovery played a key role in a large-scale refrigerant retrofit involving 110 convenience stores nationwide owned by Asda. Operating at night …

READ THE FULL STORY >

Carrier’s CNG Supra unit Piek certified

Rueil-Malmaison, France: Carrier Transicold’s new compressed natural gas (CNG)-powered Supra multi-temperature truck fridge has Piek certification, with a noise level below 60 dB(A). Noise reduction …

READ THE FULL STORY >

Kuehne+Nagel opens pharma hub in Chile

Santiago, Chile: Kuehne Nagel PharmaChain has a new logistics hub in Santiago de Chile providing multi-modal logistics for temperature-controlled door-to-door transport. The 17,600sq metre hub …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Tican Chilled refleets with Ryder: bit.ly/2NJVeVx pic.twitter.com/AtPRsQDVKa

© 2018 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ