Stobart Group reports solid H1

Source: Supply Chain Digital

Date :23/10/2008 08:58:55

Stobart Group Limited, one of the UK’s leading providers of multimodal transport and logistics solutions reported profit before tax of £11 million for the first half on October 23.

For the six months ended August 31, the group reported revenue from continuing operations of £199.2 million with earnings after fleet financing costs (EAFFC) of £13.4 million.

Profit before tax was £11.0 million, while earnings per share from continuing operations totalled 3.7 pence, Stobart said. Earnings per share from continuing activities totalled 2.2 pence.

Rodney Baker-Bates, Chairman, commented: “We now have a balanced business that is delivering an ever-increasing range of transport solutions to a broad and growing client base.

“Despite the current economic climate, we are not experiencing any impact on volumes and are protected in our contracts against fuel price increases,” continued Baker-Bates.

The group also provides warehousing, storage and handling facilities.