Great Bear profit and turnover grow

Commercial Motor
January 25, 2007

Pre-tax profit at Great Bear Distribution is up by 13%.

The company's latest results record a pre-tax profit of £4.75m in the year to December 31, 2005, up from £4.21m in 2004. Turnover grew at a similar rate - 12% - to £63.4m in 2005 from £56.5m in 2004.

Operating profit nudged up to £4.38m in 2005 from £4.19m in 2004.

Net assets at the Chester-based storage and distribution provider were worth £3.58m in 2005, rising from £2.59m in 2004.

Directors' pay rose by 45% to £1.26m in 2005 from £869,872 in 2004. Total employee costs grew by 19% in 2005, to £23.9m, from £20.1m in 2004, while average headcount including directors was up 11% to 831.

A final dividend of £2.33m was paid in 2005, down from £3.17m paid in 2004.

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