Turnover takes 17 per cent hit at engineering giant On Line Group

Turnover takes 17 per cent hit at engineering giant On Line Group

Revenues dropped 17 per cent at South Humber Bank engineering giant On Line Group as world events took their toll on heavy industry investments.

The Immingham-based nationally active firm saw turnover fall from £41.2 million in what was described as an “excellent trading year” in 2018/19 to £34 million for the year to March 31.

Gross profit slumped from £7 million to £4.8 million, with now…

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