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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Logistics firm Wincanton sees profits hit amid ‘inflationary pressures’

Logistics giant Wincanton has seen profits dip by almost a third amid inflationary pressures and lower customer volumes.

The Wiltshire-based supply chain manager reported a statutory pre-tax profit of £38.2m for the 12 months to March, down 30% on the £54.8m recorded for its previous financial year.

Bosses at the London-listed firm, which serves clients across sectors such as retail, dairy and fuel, cited “challenging” wider economic conditions.

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