Knowles Transport blames 2021 profit dip on long-term investment strategy


 

Significant investment by Knowles Transport in 2021 as part of a long-term growth plan dented profits, but the company still increased revenues and said it was in “an excellent place” for the future. Turnover for the year ending 31 December 2021 increased by 2.3% to GBP39.2m, compared to GBP38.4m in 2020. Pre-tax profit reduced by GBP1.4m to GBP1.1m during the period.

In its business review, the Cambridgeshire haulier said it continued to generate positive results, although it acknowledged they were […]


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