26 January 2022 - interim results

The industrial and property group has announced its interim results for the six month period to 30 November and these have revealed a sharp increase in profitability.  Following the exit from the coal business last year, revenues for the period declined to £76.1m (2020: £92.0m) although pre-tax profits have increased to £10.4m (2020: £1.1m).  Although all three business segments increased profits, it is the German joint venture that has been the real driver with this generating £9.0m of profit after tax.  Regular readers will know that the German company . . .

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