Wincanton FY 2022 Pretax Profit Rose on Lower Costs

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By Anthony O. Goriainoff

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Wincanton PLC said Friday that fiscal 2022 pretax profit rose after booking lower costs, and that it had good momentum in the new business pipeline and was confident in its future growth opportunities.

The UK road-haulage and warehousing company said that for the year ended March 31, pretax profit was 54.8 million pounds ($68.4 million) compared with GBP46.
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2 million for fiscal 2021.

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Revenue rose to GBP1.42 billion from GBP1.22 billion the year before.

The company said that its retail volumes remained strong and it saw the benefit of new contract wins in key strategic growth markets such as e-commerce, public sector, and infrastructure, among others.

The board proposed a final dividend of 8.0 pence a share, taking the full-year dividend to 12.0 pence a share from 10.35 pence in the prior year.

“While mindful about the macro-economic headwinds facing our sector, we are confident in the growth opportunities we have ahead of us and in our continued ability to deliver our strategy successfully,” Chief Executive James Wroath said.

Write to Anthony O. Goriainoff at [email protected]

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Credit: www.marketwatch.com /

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