Lambert Brothers Haulage has named fuel price and availability as "the main risk to the company". Increased fuel costs have caused "difficult trading conditions", says the haulage and warehousing firm, whose latest results report a 2% increase in turnover. But the company's directors' believes that fuel costs risks "are mitigated by the warehousing operation, diversifying the risk of the company through operating an alternative trade".
Lambert Brothers increased pre-tax profit by 2% to
£408,022 in the year to May 27, 2006, up from £401,306 in 2005. Operating profit rose to £438,880 in 2006 from £429,087 in 2005, while gross profit was up to £1.83m in 2006 from £1.82m in 2005. Average employee headcount for 2006 went up to 128, an increase of six from 2005 while payroll costs rose by 6% to £3.38m in 2006 from £3.18m in 2005. Directors' emoluments went up by 3% to £192,398 in 2006 from £187,001 in 2005.
A dividend of £100,000 was paid in 2006, as proposed after the 2005 year-end. No dividend has been proposed for 2006.
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