GLEANER Oils, which supplies fuel and lubricants across Scotland, has recorded a fall in sales revenues following the crude price plunge but increased profitability. The latest accounts for the family-owned firm, show Gleaner had £105 million turnover in the year to 30 June, compared with £173m in the preceding 18 month period, or £115m on an annualised basis. In the accounts directors wrote that sales volumes had grown compared with the preceding period, when oil prices were higher. Gleaner supplies petrol to 60 filling stations including nine which the firm owns and operates. The directors added: “Gleaner delivered a robust performance in an increasingly challenging market with the gross profit increasing from 7.3 per cent to 8.1 per cent.” The company made £310,000 pre-tax profit, against £646,000 in the preceding period.
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