Operating profit falls £75m at DHL Supply Chain
Operating profit at DHL Supply Chain fell to £906,000 for the year to 31st December 2018 – down from £75.7 million the year before.
The company put the decline down to “a number of one-off items in 2018, including issues with the start-up of a new service to a restaurant chain, that had a significant impact on profit for the year” , in its results for the year.
However, despite the well publicised problems with the KFC contract, it said that the underlying business performance was robust with new business, transfers and renewals off-setting the effect of any lost business resulting in turnover growth of four per cent.
Turnover for the year rose from £3.15 billion in 2017, to £3.27bn last year. Interest receivable meant that pre-tax profit for the year was £3.9 million. This was down from £78.9 million the year before.