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 ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...