TDG increased its half-yearly turnover to more than £300m but saw pre-tax profits fall in the first six months of 2007.
The haulier revealed that turnover to 30 June was up more than a quarter (26%) to £319m but pre-tax profit was just £4.4m, compared to £5.7m in the first half of 2006. The company maintained its interim dividend at the same level of 5.25p per share.
The company says that one business highlight for the first six months of the
year was the purchase of Doman in Spain for £20.1m, which has already contributed £700,000 to pre-tax profits.
David Garman, TDG chief executive, says: "The results reflect the continuing progress in our chemicals division and in our specialised logistics activities generally, reinforcing confidence in our strategy to develop positions of strength in specialised sectors."
In April, TDG announced its intention to reorganise the group into a chemicals division and a contract logistics division including all the group's non-chemicals business.
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