Nightfreight announces financial results 2006

Nightfreight has announced its financial results for 2006. The company’s financial performance has improved turnover by GBP 8.4m (6.83 pct), and Operating Profit by GBP 3.1m (250 pct) demonstrating the benefits of its ongoing investment programme in customer service and operational developments which continues to radically improve the business.
The turnover and profit growth have exceeded the budgeted targets and have positioned the company a year ahead of its original plans. This growth is attributable to successful sales activity within all of the Company’s business units as a result of increased investment in sales activity. This sales activity was converted to additional profit due to the revised operational processes.

In addition to developing the sales growth of the organisation, the Company has strategically relocated a number of sites to offer better customer service, and undertaken a fleet renewal program enhancing the fleet’s capability to undertake the Company’s services. These investments will continue in the 2007 financial year.

Steve Allen, CEO Nightfreight Group, said: “Throughout the 2006 financial year, the company has made good progress improving its financial performance and commencing its transition to becoming a logistics and solutions business, offering customers new and innovative integrated services that will meet their changing requirements. We continue to improve our customer service offering whilst further developing our capability for the home delivery and contract logistics markets.”