Healthy forecast for Bibby Distribution

Despite the current economic climate and effects of the credit crunch, Bibby Distribution are still forecasting a healthy and profitable 2008.

The Chief Executive of Bibby Distribution, Iain Speak, has confirmed that he remains confident in the outlook for the company’s performance for the remainder of 2008 despite the ways that the current economic climate is affecting a few other companies.

That will be good news for the HGV drivers of the Liverpool-based logistics firm, which has seen a dip in trading during the summer months of July and August.  However, this has been attributed to a number of different factors, not only the credit crunch, but the weather and their usual experience of a summer lull.

Iain Speak added:

“The first half was  significantly up on last year and was above budget. But it’s a bit of a buffer for the second half.”

Bibby Distribution Holdings also had a strong performance in 2007, with healthy accounts up to 31st December 2007.  These figures show a pre-tax profit of £4.2 million from a turnover of £181 million.  This was not only a great profit for 2007 but also a strong improvement from 2006, where the pre-tax profit was showing at only £14,000.

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