Wincanton leads Unigate's results
26th November 1992, Page 12
26th November 1992
Page 12
Page 12, 26th November 1992
— Wincanton leads Unigate's results
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• Wincanton turned in the star performance in an otherwise undistinguished set of half-year results from its parent group Unigate.
The distribution company achieved a 35% increase in operating profit to £7.3m. New customers in the period included Lo-Cost, Rigid Containers, Group 4 and Conoco (Ireland). It also doubled its dedicated distribution for Sainsbury's with the acquisition of J Whittam.
Wincanton managing director Chas Lawrence attributes the company's success to tendering for increased levels of new business. Unigate's pre-tax profits for the half year to 30 September fell slightly to £42m from £43.3m for the same period last year.