The warehousing and transport group, Seafield, has returned to profits after the disposal of its loss making Dutch interests, and has reported pre tax profits of £121,000 for the six months to the end of June, compared to a £3 million loss in the first half of 1995.

At the operating level, Seafield - registered in Dublin but whose interests are in Britain - had profits of £449,000 compared to £156,000 the previous year even though turnover fell from £8.7 million to £4.7 million. Most of the fall in turnover was the result of the disposal of the Dutch transport and warehousing operations.

Interest costs fell from £409,000 to £328,000 but are likely to fall further in the second half of the year as Seafield expects to receive £3 million next week in respect of the sale of its Finchley Road site in London.

Earlier this year, Seafield's outgoing chairman Mr Brian Chilver said the group was looking to merge with another company but the latest statement gives no indication of any imminent merger. Seafield has previously been linked with a merger with the Irish transport company, Imari.