News / Bullish Wincanton eyes new bid for global expansion after strong half-year results

UK haulage and logistics firm Wincanton today reported a 5.9% EBITDA increase for the first six months of the year.

This was despite a 3.6% reduction in revenue following the cessation of its records management business and its exit from “the onerous Pullman home shopping contracts”.

Net profit grew 55.8% to £16.4m, compared with £10.4m in the first six months of 2015, as it also benefited from lower financing charges due to reduced debt levels, as well as lower amortisation charges.

The company said that despite ...