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Stobart Group achieves profit growth across all five divisions

Stobart Group Limited, the infrastructure and support services firm, saw its profits almost double in the last financial year.

The Warrington-headquartered company achieved an underlying pre-tax profit of £18.4m in the 12 months to February 29, a year-on-year increase of 98%.

Profits were up across Stobart Group’s five core divisions, with Infrastructure showing the highest level of growth at £10.5m, up 159% year on year, followed by Investments at £11.1m, up 64.1%.

The firm’s overall revenue, meanwhile, grew 8% to £126.7, up from £116.6m the year previous.

Stobart Group also achieved growth in its Aviation division, with its Dublin-headquartered airline investment, Stobart Air, returning to profitability in the 2015/16 year after flying more than 1.4m passengers. Read More