John Raymond Transport reports surge in 2022 profits

Bridgend-based John Raymond Transport saw another year of gains in 2022 after boosting profits by 50%.

The transport and warehousing haulier increased pre-tax profit by almost £260,000 to £776,000 in the year ending 31 December 2022, its latest financial results showed.

The result almost returned the haulier to the profit it reported in 2020 of just over £800,000.
However, turnover fell during the period by 11.7% to £26.2m.

This was still significantly more than revenues reported in the year ending 31 December 2020 of £20.8m.

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Its figures also showed that haulage accounted for £12.3m of the company’s revenue, with a further £13.2m derived from subcontracting.

It generated sales of £637,000 in its storage and handling work.

In a review of the company’s business the operator said: “Whilst the current economic outlook is uncertain the directors are optimistic about the future of the company and expect the company to yield a profitable return in the coming year also.”

The haulier currently holds international operating licences in the Welsh, West Midlands, West of England, and North West traffic areas.

The post John Raymond Transport reports surge in 2022 profits appeared first on Motor Transport.

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