EMEA News
UK Energy Firm Posts Strong Annual Turnover, Profits
Monday December 21, 2020
UK-based energy firm JR Rix & Sons has seen annual turnover and profit grow despite a weaker showing from its bunkering arm, Maritime Bunkering.
Group turnover went from just under £0.5 billion in 2018 to just over in 2019, according to business news provider Business Live.
Profit over the period rose from £7.7 million to £12 million.
However, Maritime Bunkering saw turnover dip from £59.5 million to £55.4 million over the period, the report said.
"Although Maritime Bunkering saw a modest drop in turnover, this was principally due to the price of crude oil," group managing director Rory Clarke was quoted as saying.
JR Rix & Sons is based in the port city of Hull on the UK's northeastern coast.
