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Malcolm boosts profits by nearly 10%
Page 17
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DESPITE RISING costs caused by the spiralling price of fuel and worsening road congestion, haulier WH Malcolm has boosted its turnover to £183.9m.
The haulage side of The Malcolm Group also increased its operating profit in the financial year ending January 2007 with a 9.7% rise to I .3m. Pre-tax profit was £9.9m.
Group turnover was £191.3m it invested £16m in assets during the period, including fleet replacement and depot upgrades.
Group chief executive Andrew Malcolm says a reorganisation of the group, including the purchase of sports surfacing company Charles Lawrence Surfaces and holding company Malcolm of Brookfield (Holdings) in January 2006, has led to healthy order books: "This year has been the first full year of trading for The Malcolm Group following the reorganisation. It is therefore very pleasing to report that activity levels were strong in both divisions of our principal trading company,WI-1 Malcolm.
"In addition, Charles Lawrence Surfaces provided a useful contribution to the group's results."
The company runs 60 freight trains per week from various depots including its joint rail venture, ARR Craib. Malcolm concludes: "We are always looking for new opportunities to protect our position in the market."