Turnover up but profit dips at AutoLogic AutoLogic Holdings has increased revenue by 4.4% for the year to December 2006, but pre-tax profit has dropped by 8.7%. Turnover grew to £255m from £244m in 2005, but pre-tax profit dropped to £6.3m from £6.9m. Operating profit increased by £0.4m to £10.2m. Turnover for UK operations grew from £204m to £220m, while operating profit inched up to £13.1m. The UK distribution division delivered 1.3 million vehicles in 2006. Chairman Neil Johnson states the
difficulties faced by the company in the recent past are now behind it: initiatives implemented over the past year are now delivering results."
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