Fagan & Whalley profits soar despite market challenges

Fagan & Whalley profits soar despite market challenges
 

Lancashire-based logistics firm Fagan & Whalley has shrugged off the impact of Brexit, Covid-19 and rising fuel costs to report a surge in pre-tax profit.

Reporting annual results to 30 April 2021, it said that although turnover grew by just 2.5% in comparison to the previous year, pre-tax profit was GBP1,465,293 (2020: GBP484,862) – an increase of 202.2%.

The gross profit margin increased by 4.6% to 24.1% while retained reserves increased by GBP867,277 following a dividend of GBP328,284 to the […][1]

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  1. ^ Fagan & Whalley profits soar despite market challenges (motortransport.co.uk)
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