Willenhall-based supply chain firm Nightfreight has seen profits rise in line with the company’s growth strategy.
For the year to the end of November 2009, the firm, owned by parent company Penglais Investments, reported increased pre-tax profits of £2 million, up on the previous year by £0.18 million.
Although a difficult trading climate where existing customers shipped less volume and revenues fell by £15.5 million on 2008 figures to £121.8 million, margins for the year improved slightly and were in line with company expectations in a challenging marketplace.
The firm said the growth in profits reflected the efforts of a number of successful initiatives to improve customer service and operating efficiency.
Group finance director Ian Horsfall said: “During the period, we established a strong platform for growth which is part of our three-year programme of transformation.
“This will see further service development and continual operating efficiency improvements.”