Nightfreight predicts rising profits

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Parcel carrier Nightfreight is predicting a pre-tax profit of some £2 million for the year to 30 November, with sales expected to reach £123million. Last year it produced a pre-tax profit of £48,394.

Group finance director, Ian Horsfall said: “We’re pleased to announce after a year of restructure and investment, we are now delivering growth over the next two years.”

The company, which is owned by Penglais Investments, is predicting pre-tax profits of £4.6m and revenues of £130m for next year.

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