News

The RH Group has posted an increase in profit and turnover despite what it calls the "challenging" economic environment.

 The Nottingham-based European freight operator reported a pre-tax profit of £3.57m for the year to December 2007 – up 20% on the previous year. Turnover also rose 3% to £122.3m.

Managing director Ian Baxter says: "2007 was another solid year for RH despite a challenging market. This year we've faced the triple challenge of a slowing economy, rocketing  fuel costs and a sharp decline in sterling's value against the euro. This has increased the cost of European transport by more than 20%.

"Nevertheless, our results for the first half of 2008 are ahead of budget and ahead of last year. Last year, the company introduced an integrated IT system as part of its long-term strategy to improve customer service."