PK COMPANY RESULT'
Page 10
If you've noticed an error in this article please click here to report it so we can fix it.
John Jempson back in black
EAST SUSSEX haulier John Jempson & Son says winning several new customers at the start of the recession has helped it return to profit.
The Rye-based firm posted a pre-tax profit of £47,447 for the year to October 2009, up from a loss of £195,418 in 2008. However, turnover dropped to £9.8m from £12.1m the previous year.
Mark Chamberlain. MD at the company. which is a member of Palletforee, says thc results are "more than satisfactory" given the economic situation, continuing high fuel prices and a highly competitive market.
He adds: We think there have been signs in recent months that the economy may be starting to recover, "At the start of the downturn, we picked up a few extra customers and they have all contributed to the growth of the business."
The company says factors contributing to 2008's pre-tax loss include a £2.5m investment in 40 new trucks and trailers, and a series of exceptional items relating to redundancies.