Sunday 23rd Oct 2016 - Logistics Manager

TDG sees profits growth

TDG has reported a 23 per cent rise in headline operating profit to £8m for the first half on sales up 26 per cent to £319m. New contract wins were ahead of last year’s, but net business wins were £32.3m compared with £34.3m last year. Losses were inflated by TDG’s withdrawal from its contract with troubled retailer Kwik Save.

Sales were up 26 per cent to £319m highlighting the revised strategy with growth in specialised logistics.

Chief executive David Garman, said: “The results reflect the progress in our Chemicals division and in our other specialised logistics activities generally, which reinforces confidence in our strategy to develop positions of strength in specialised sectors.”