Gefco profits soar despite slide in turnover


 

Gefco UK more than doubled its pre-tax profits last year, despite Covid-19 hitting demand for vehicles and storage and knocking £35m off its turnover. The automotive logistics specialist said the 22% reduction in revenue, from £161.9m in 2019 to £127.1m in the year ending 31 December 2020, was due to a reduction in volumes resulting […]