Palletline Announces Strong Performance

Palletline plc, which operates the UK’s longest established pallet distribution network, has recorded a strong trading performance in its 2005/2006 financial year.

Against an increasingly competitive market, the company generated audited pre-tax profits of £1,147,000 in the year to 30th June 2006.

Commenting on the figures, Managing Director, Glyn Jones, said: “We are delighted to see such strong profits, particularly given the highly competitive market in which our members operate, as well as the current business climate.

“The figures reflect the growth in pallet throughput from our existing members, the addition of new members and the ongoing commitment of all members to maintaining the very highest service levels.

“Our performance shows clearly the benefits of the Palletline model of shared member ownership, enabling both the central hub and the local depots to enjoy the encouraging levels of profit derived from a co-operative ethic and commitment to service quality.

“From both a service quality and a financial point of view, Palletline is in a strong position to meet the challenges of 2007.”