Stobart back in the black

TRANSPORT logistics and infrastructure giant Stobart Group has swung back into profit, thanks in part to the sale of its Carslile distribution centre.

The groups made a pre-tax profit of £10m for the year to the end of February 2016, compared to its £9.4m loss a year earlier.

Revenues were up to £126.7m, an 8.6% increase on the previous year's figure of £116.6m. Underlying EBITDA increased by 69.8% to £30m (2015: £17.6m).

The sale of properties over the year helped the business to generated ... For the full story register now for free or login below...