Johnson profits soar to £33.8m thanks to string of acquisitions
Date added:
28/02/2017
Strategic acquisitions have helped Cheshire-based laundry company Johnson Service Group to a 45% increase in pre-tax profits to £33.8m and a 36% revenue boost to £256.7m. The listed company has benefited from its purchases of Zip Textiles, Afonwen and Chester Textiles in the first half, significantly increasing the its presence in the high volume hotel linen rental market in the year to December 31. All the acquisitions were immediately earnings enhancing and have expanded the group's geographic reach, it said.The company...
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