Wincanton swings back to profit

Supply chain company Wincanton returned to profit in the six months to September, posting pre-tax profits of £13m, up from a loss of £13.6m over the same period in 2011. Over the past six months, it has won several contracts in the retail sector, notably with B&Q and with Morrisons to operate a convenience distribution centre. Meanwhile, revenue over the half year dropped slightly to £551.2m, down from £625.4m a year ago.