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EDDIE STOBART GROUP dramatically increased its pre-tax profits in its
Page 7
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last financial year, with figures more than doubling from £1.8m to £3.7m. During the year ending 28 February 2006 the firm's turnover rose by £18m. from £118mtoi136m.
Company chairman Andrew Tinkler attributes part of this success to a new .00m contract win with Tesco: one of the company's largest existing customers along with Coca-Cola. He also cites other new business, the retention of existing contracts and a reduction in"empty "We're looking at other business to reduce empty miles." Tinkler adds. "We're always talking to different customers.
The group is investing the profits into buying trucks that are less than two years old: technology to improve communications between planners in the operation centres and drivers on the road: and vehicle tracking systems.
The firm is also planning to bid for more regular contract work on the Continent.