Wincanton hails 'transformational' year

Shares in logistics company Wincanton were up on Thursday following a 'transformational' year, despite a decline in pre-tax profits.

Shares in logistics company Wincanton were up on Thursday following a 'transformational' year, despite a decline in pre-tax profits.

Revenue for the year declined from £1,328.3m to £1,202.8m, while underlying profit before tax dropped £1.2m to £28.8m. Underlying earnings per share fell from 19.6p to 18p. Actually losses before tax came in at £47.4m (2011: profit £3.6m) and the basic loss per share came down 22.1p to 89.3p.

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