Wyvern escalates turnover and profit
Poole, Dorset-based haulier Wyvern Cargo more than doubled pre-tax profits in the last financial year, partly by requiring its customers to absorb fuel price increases. Wyvern has a monthly fuel price escalator written into all contracts because the price of diesel is rising so fast. Turnover increased from £11.9m in 2006 to £13.5m in the year to 31 March 2007, but pre-tax profit remains at less than 2% of turnover - although profit doubled, it still only reached £231,266. Director John ...
News - Commercial Motor
November 19, 2007
