Stobart says it will grow in 2010

In an interim management statement unveiled to the City today, Stobart insisted that a combination of "operational synergy improvements" and "further efficiency improvements" in its road transport and warehousing division would lead to greater pre-tax profit margins.

Its port operations division, it says, remained steady during the financial year (which closes on 28 February), and while revenues will be down slightly, pre-tax profits will rise.

Stobart also reveals that its rail division, which launched a chilled service from Valencia in Spain back in June, would be significantly ahead of its performance in the previous year.

Last October, Stobart revealed its results for the six months ending August 2009 in October where pre-tax profits rose slightly to £11.1m, from £11m in the corresponding period last year, while revenue was up to £218.2m from £199.2m in the first six months of 2008.

Source: roadtransport.com