Profit drops at Turners

Newmarket, Suffolk, UK: Turners (Soham) blames a “challenging” economic environment for a 2.7% drop in profit.  Pre-tax profit for the year to January 2011 fell to £21.6m from £22.2m in 2009 with turnover up 16.7% to £210m from £180m the previous year.

Challenging conditions saw a 2.7% drop in profit on rising turnover at Turners

“There was substantial growth in turnover as a result of winning a national fuel contract and the acquisition of container business Dart Distribution Limited the company said in a statement.

“The economic climate continues to be tough and cost control remains paramount.”  At the year-end, net assets at the company were £158m compared to £143m at the previous year-end.

“The haulage industry is increasingly competitive and the general economic climate emphasises the ongoing need to control costs and increase efficiency.” Turners says it continues to hold cash reserves to fund acquisitions when the opportunities arise.

Turners temperature controlled division is BRC accredited and has a core fleet of 300 vehicles handling frozen and chilled consolidation service.

 

WORLD NEWS

K Group tests Thermo King E-200 for Finnish grocery delivery

Helsinki, Finland: K Group has tested Thermo King’s electric E-200 fridge on an electric-powered MAN eTGE van on food delivery in Finland.  K Group is …

READ THE FULL STORY >

Krone Cool Liner celebrates 25 years

Werlte, Germany: Krone launched its first refrigerated trailer in 1996 and to mark the 25th anniversary a special Edition of the trailer is being launched. …

READ THE FULL STORY >

Bolloré Logistics to open new pharma unit

Roissy, France: Bolloré Logistics is to handle healthcare products at its Roissy hub with an 800m2 extension of a pharmaceutical unit. This will give Bolloré …

READ THE FULL STORY >

New coldstore for Brussels Airport

Brussels, Belgium: Brussels Airport has opened refrigerated storage for Kuehne+Nagel, Worldwide Flight Services and Expeditors. Kuehne+Nagel is expanding its activities at Brussels Airport for handling …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Hultsteins appoints Longhurst Refrigeration as its UK aftersales service partner: bit.ly/3x65xK8 pic.twitter.com/pm8lz8b0iD

© 2021 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