Logistics group Wincanton nearly doubled profits in its first half after winning new contracts.
The Chippenham-based company, which has a strong presence in the West Midlands, said pretax profits were up to £15.2 million in the six months to September 30 compared with £8.3 million last year.
The rise came on the back of a ten per cent increase in turnover to £879.8 million as Wincanton secured new contracts with companies such as Argos, GlaxoSmithKline, Matalan and Unilever.
Wincanton also extended deals with Pernod Ricard, Sainsbury, Shell Gas and Tesco.
It employs thousands of workers in sites across the West Midlands including Shrewsbury, Telford, Cannock, Wolverhampton, Aldridge, Tipton, Coventry, Rugby, Hams Hall and Birmingham.
It said the recent acquisition of French logistics firm Premium " significantly strengthened" its operation in France, where its clients include supermarkets and DIY companies.
Wincanton chief executive Paul Bateman said: "The prospects for continuing organic growth, together with an initial contribution from our recent French acquisition, give us confidence that the full year will be another year of operational and strategic progress for Wincanton."
Operating profits were up four per cent in the UK with the help of the new contracts. In continental Europe, operating profits rose £300,000 to £1.8 million in spite of the lost contribution from a contract with PGN.
Chairman David Malpas said: "The group's performance in the first half of the year has been encouraging.
"We are expecting to see, in the second half, a continuation of the high levels of operational activity and new business development opportunities that produced these strong results.
"The potential for continuing organic growth, together with an initial contribution from our recent French acquisition, gives us confidence that the full year will be another year of operational and strategic progress for Wincanton."
The company also announced that managing director of UK and Ireland Graeme McFaull is to replace Mr Bateman as chief executive when he retires on December 14.
Investec Securities analyst John Lawson said Wincanton had delivered " a very strong performance".
It said its forecast for full-year pretax profits of £32.5 million - down from £35.2 million last year - was "now on the low side".