THE Malcolm Group, the Linwood-based logistics and construction services business, has reported rise in turnover and dip in profits.
It said its annual results were robust against the backdrop of the Beast from the East weather event.
The group, which includes the WH Malcolm business, posted group turnover at £221 million for the year to January 31, 2019, against £213m the previous year.
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The Renfrewshire firm said group operating profit before exceptional items was £9.4m, compared to £9.9m the year before.
Turnover in WH Malcolm was £206m against £200m the previous year and operating profit before exceptional items was £8.9m compared to prior year £9.7m.
Group profit after tax was £3.6m against £5.1m the year before.
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Andrew Malcolm, group chief executive, said “turnover in both our logistics division and our construction services and waste management division increased3.
He said the operating profit represented “a robust performance in the face of a competitive trading landscape in both sectors, and the extreme weather conditions experienced in February and March 2018”.
“Going into the new financial year, results in both the logistics and construction services divisions in the first few months are in line with our expectations.”
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