Operating profit over the period dropped from £2.24m to £1.58m due to significant investment in a new depot in Bristol and the acquisition of Wincanton Chilled.
Chief Executive Thomas van Mourik said: "This was a challenging year, operating in one of the worst economic environments in the UK for a long time. However, we successfully delivered on our expectations in terms of turnover, profit and cash flow."
He added: "We are cautiously optimistic [about the year ahead] as we expect to see the return on investment in the acquisition and integration of Wincanton's chilled business. We will also continue to drive efficiencies through our own operations recognising the pressures our customers are under to reduce supply chain costs and so that we remain resilient to the continuing challenging economy."