UK DX Services sees annual profit below expectations

UK mail delivery company DX Services PLC warned annual profit is likely to fall below prior expectations owing to weak revenues from clients in the financial services and property industries.

‘Based on the year to date, results for the full year to 30 June 2006 may be around 5 pct below our previous expectations, with some 40 pct of the operating profit for the year arising in the first half,’ chairman John Maxwell said in a statement released ahead of today’s annual general meeting.

He added that the success of arrangements to deliver residential mail with the Royal Mail, the country’s leading postal company, would have an important bearing on the full-year outcome.