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Wincanton on track with new business in first half

By BFN News | 07:20 AM | Thursday 03 October, 2019

In a trading update issued ahead of its half-year results, third-party logistics company Wincanton said it had secured 'good levels' of new business in the period, including a five-year deal with supermarket Morrisons. It announced the board expected results for the full-year to 31 March 2020 in line with market expectations. The group disposed of two freehold properties during the half-year for £5.5m, with an exceptional profit of approximately £2m will be reported in the first half in relation to the sale of these properties. Wincanton's net debt at 30 September 2019 is expected to reduce to approximately £15m. It will announce interim results for the six months ended 30 September 2019 on 13 November. Story provided by

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