Seafield plc is concentrating on expanding its core warehousing and transport operations in the current year, according to chairman Mr Peter Duffy. Following a capital reconstruction the company is giving "serious consideration to the resumption of dividend payments", he told shareholders in the annual report.

The annual report shows that the remuneration of chief executive Mr Lyle Noble increased from £83,000 to £86,000 while the remuneration of Mr Duffy rose from £11,000 to £40,000. Pre-tax profits for the year to end December 1997 increased from £192,000 to £603,000.