RH Group: profits rise prospects good
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EUROPEAN FREIGHT forwarder and haulage specialist RH Group has recorded a £3.2m pretax profit for the year ending December 2005.
Directors for the firm say prospects for the group are "good" as turnover was boosted to £90.6m, of which £80m was derived from international transport.
But it still resulted in a profit margin of lust 3.7%, compared with a figure of 3.6% in 2005.
The group employed 650 staff involved with international services during the period, compared with 496 in 2004, and says it paid out more than £14.6m in salaries and pensions.
At 31 December 2005 its freehold property portfolio, including its Nottingham and WestThurrock depots, was valued at fl 2.7m; its fleet of vehicles and trailers was said to be worth £21.5m.
RH Group subsidiaries include Rennie Hogg Transport, RH International Hauliers, RHAircargo,RH Shipping Services and the Finnishregistered Oy RH Freight Ab.
MD Ian Baxter says the group has concentrated on people development and controlling costs by using Continental partners. He is optimistic that its strong trading position will continue.