profit

The value of a power battery goes far beyond its price tag. At a “Choco-Swap” station in Xiamen, Fujian, a power battery is experiencing its third ownership transfer—yet it remains in excellent condition. This is thanks to an asset management system known as the “battery bank,” designed to maximize the utility of every single battery.

Tier one contractor McLaren missed its £1bn turnover target last year, despite almost doubling its profit and margin. Group pre-tax profit in the year to 31 July 2024 totalled £11.9m compared with £6.3m the year before, although turnover fell by 4 per cent to £924m. The latest revenue total was still 23 per cent higher

Pre-tax profit at ground engineering specialist Van Elle Ltd rose by 30 per cent last year, although “softer market conditions” reduced the firm’s turnover. Accounts for the year to 30 April 2024 show that the firm recorded a profit of £7m compared with £5.4m the previous year. But turnover dropped by 10 per cent year

Profit has edged up at GMI Construction as a strategy of “controlled consolidation” saw turnover drop by almost a third. The Leeds-headquartered contractor, which operates in the North of England and the Midlands, adopted the strategy in 2023 following a loss-making year. In its latest published accounts, for the year to 30 September 2024, group

Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from franchise expert Mark Siebert's book The Multiplier Model. Buy it now . When I hold exploratory meetings with clients, I typically ask about various items on the profit and loss (P&L) — also called an income statement — without actually referring to

Mechanical and electrical (M&E) specialist Dodd Group has reported double-digit percentage increases in revenue and pre-tax profit. In its latest accounts covering the year to 31 March 2024, the Shropshire-based family firm – ranked 82nd in the CN100 2024 table – saw turnover grow by 21 per cent from £206.7m to £249.4m. In addition, the

Gratte Brothers has seen its pre-tax profit dip after booking a £2.5m provision, according to its latest annual financial results. And company’s directors said they expected the family-owned contractor’s bottom line to come under pressure in 2025, in light of tax measures introduced in the government’s Autumn Budget in October. The firm’s pre-tax profit fell

Nokia, one of the world’s largest manufacturers of telecoms equipment and electronics, reported an 18 per cent annual drop in its first-quarter profit, amid slower consumer spending in a challenging...