Fowler Welch owner upbeat

Leeds, UK: Logistics and airline company Dart Group said annual pre-tax profit will be ahead of market expectations, boosted by lower than anticipated winter losses.

Trading volumes improved at Fowler Welch, its UK distribution and logistics provider, and the business remains well placed for profitable growth, the company says.

“The group continues to develop and build its businesses, and we are cautiously optimistic about our ability to increase profits in the current financial year, notwithstanding the continuing tough economic environment,” Dart said.

The group, which owns airline, saw a rise in sales for the year ended March  2013, according to a trading statement today. was supported by the expansion of Jet2holidays and its package holiday sales.

Shares surged 9.95% to 163p at 10:28 Friday.