Pre-tax profits up for RH Group – HGV drivers required

With the credit crunch hitting business hard, few companies are reporting good news. The logistics and haulage industry in particular has been hit hard, especially with the increased fuel costs escalating so drastically over the last few months.

However one company has been doing well, as the RH Group announced a rise in its pre-tax profits by 20%.
The company changed their tact recently from a focus on volume, to concentrating more on running a profitable business.

The RH Group’s pre-tax profits for the year ending December 2007 was £3.6 million, which was up from £3 million the previous year.

This shows their efforts to increase profitability have worked, as the turnover only rose by 3%, from £119.2 million in 2006 to £122.3 million in 2007.

Ian Baxter, the manager of the RH Group, says that they had expected a small increase in their turnover, but their emphasis was firmly placed on increasing profits.

‘We have passed some costs such as euro exchange rates and fuel on to customers. We have also been very conscious and careful of credit management.’

This shows that even in these difficult financial times, companies can still flourish if they’re careful about maximising their profits. The company is also desperate for HGV LGV drivers, such expansion will require more people to be trained as HGV drivers.

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