SCOTTISH coal and smokeless fuel supplier Fergusson Group suffered another tumble in profits in its last financial year even though its turnover rose, as a fall in world coal prices and higher operating costs hit its margins.
SCOTTISH coal and smokeless fuel supplier Fergusson Group suffered another tumble in profits in its last financial year even though its turnover rose, as a fall in world coal prices and higher operating costs hit its margins.
Custom byline text:
ian mcconnell business editor
Fergusson, which operates as an importer, exporter, processor, and distributor, also cited the significant impact of the mildness of last winter on its household fuel supply business during the year to March 31.
The Stirling-based company, which employs about 200 people and describes itself as Scotland's largest supplier of solid fuel, has revealed its pre-tax profits fell to £1.85 million in the year to March 31, from about £4.45m in the prior 12 months.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
