AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

NFC profits stable

29th August 1991, Page 12
29th August 1991
Page 12
Page 12, 29th August 1991 — NFC profits stable
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

• NFC insists it is on target to end the financial year £95m in the black, despite a drop in profits for the 40 weeks to 13 July.

The transport giant's profits fell 5% to £68m, on turnover up £600,000 to £1.241m. Core businesses, including Exel Logistics, reported a 10% profit increase to £66.6m.

Contract business is helping Exel, as are "tough measures taken to reduce costs", says NFC. But the slump in truck rental and the housing market are hurting BRS and Pickfords.