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Laser bosses predict bright future after a 'difficult period'
Page 13
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A BIG SHAKE-UP within Laser I ransport International failed to prevent an pre-tax losses increasing to £329,000 last year.
The firm suffered a £230,000 loss in 2004; in their annual review of the business its directors describe the figures as disappointing.
They explain: "Following a major restructuring of branch operations and fleet rationalisation, the expected improvement in trading did not take shape until the last quarter." However, the directors go on to predict that the performance of the Kent-based company will be much improved this year, partly thanks to what they describe as significant business growth in its European groupage and global freight-forwarding activities.
A pension deficit which jumped from £2.58m to nearly Dm last year is not expected to knock Laser off course.
The review continues: "The directors are convinced the company will trade successfully out of this difficult period and are very encouraged by the prospects of continued profitable growth over the years to come."
Finance director Roger Arnold declined to comment on the company's results.