Profits up at Stobarts

Stobart Group has reported a 12 per cent rise in underlying operating profit to £44.9m for the year to 28th February, despite what chief executive officer Andrew Tinkler described as a turbulent year.

 Despite a turbulent year and a tough economic environment, our continuing operating businesses have produced a profit from continuing operations ten per cent up on last year and have again given us a good return on investment, said Tinkler. He added: We are now at a pivotal point in our four year plan and with our investment programme nearly complete we are moving into our value optimisation phase. Through our property assets we will be looking to return cash into the business, while our Air and Biomass businesses are poised to deliver further value enhancement.

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