The directors of Knutsford Express are reporting a net loss of $3.6 million on revenues of $412.9 million during the quarter ended November 30.
These losses were recorded after administrative and general expenses of $409.2 million and operating profits of $3.8 million.
Finance income amounted to $2.1 million but finance cost amounted to $10.4 million, leading to a loss of $4.5 million before taxation and $3.6 million after taxation.
The directors attributed these losses to the impact of hurricane Melissa, which affected several of its routes and depots.
They stressed, however, that the company generated a net profit of $62.8 million on revenues of just over $1 billion during the six-month period which ended on November 30.
These profits were generated after administrative and general expenses of $910.5 million, which led to operating profits of $102.2 million.
The company had an operating profit of $79.8 million and net profits of $62.8 million after taxation of $16.9 million.
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