Maxi Haulage blames fuel price increase for profit fall
Maxi Haulage says its pre-tax profit fall of 24% in its most recent financial year was "entirely due to increased fuel costs".
The Scottish haulier increased its revenue by £209,574 to £34.5m for the year ending 30 September 2010, but pre-tax profit fell to £1.9m, from £2.4m a year ago, in the same period.
Chairman Gerry Atkinson says: "We managed to increase business but, not surprisingly, our profits are down almost entirely due to fuel price increases.
News - Commercial Motor
May 23, 2011
