Malcolm Group Report Surge in Profit and Turnover

Revenues at the Malcolm Group have increased by more than 11% to £257m as the logistics company continued to ride the wave of economic recovery post-Covid, new results showed.

Its financial results for the year ending 31 January 2023 also showed pre-tax profit soared 45% to £15.4m, from £10.6m the previous year.

In a review of its business, the group said turnover in its logistics division increased substantially as the UK economy bounced back, but activity levels also increased in construction services and waste management too.

“During the year, activity levels in our logistics division remained very strong and coupled with new business wins, resulted in a significant growth in turnover,” the Malcolm Group said.

The post Malcolm Group Report Surge in Profit and Turnover appeared first on Transport News.

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