/Images/report_accounts2011_l.jpg "Report and Accounts 2010 - cover")
Chairman's Statement
I am pleased to report on the Group’s trading for the year ended 31 March 2011. Group turnover increased to £543m (2010: £435m) and profit before tax amounted to £26.2m (2010: £22.2m) with earnings per share of 12.2p (2010: 11.1p).
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Business & Financial Review
Underlying Group profit before tax increased from £19.1m to £25.9m in the year ended 31 March 2011, reflecting an improved trading environment for the Group’s Aviation operations and a year of investment in Fowler Welch, the Group’s logistics business.
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Financial Statements
including the Consolidated Group Income Statement, Consolidated Group Balance Sheet, and Consolidated Group Cash Flow Statement
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