Fleet News

Profits grow by 16% at Caffyns

DEALER and contract hire group Caffyns has announced a 16% increase in pre-tax profits, despite a reduction in turnover from £151.6 million to £147.3 million. It ended its full year on March 31 £2.15 million in the black (1998/9: £1.86 million).

Chief executive Simon Caffyn praised staff for the improvement. 'A great deal of work has been put in to achieve this in what has been a very difficult year for the retail motor industry,' he said. Shares gained 42p to 307.5p after the announcement.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee