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Jacobs moves back into the black

Car delivery, roadside rescue and recovery group Jacobs Holdings has reported a return to profitability in the first six months of this financial year.

Today the group announced profit before tax to the six months ended June 30 of £0.25m on a turnover of £65.7m, compared to a loss in the same period in 2000 of £3.09m on a £66.2m turnover.

Michael Kingshott, managing director, said the group was looking to grow its automotive business through “a combination of maintained high quality services and offering total turn-key solutions to our growing customer base”. “Our automotive services have been consolidated under the Ontime Automotive Brand. This business is being developed to provide a range of specialist services to meet the growing demands of our customer base. We are progressively expanding our capability to cater for added values services , including pre-delivery and inspection and refurbishment, repair and rectification work and worldwide distribution to supplement our longstanding volume car delivery activities,” he said.

Jacobs has recently won several new automotive contracts, including worldwide distribution of Aston Martin cars and the UK transport of the new BMW Mini.

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