Business Post sees FY 17 pct revenue growth
Business Post Group PLC said it expects full-year revenue growth of around 17 pct driven by continued strong performance of UK mail, and adds that its results for the year to March 31 will be in line with its previous expectations.
In a trading update, the parcel and mail delivery firm said it expects to report 18 pct revenue growth in the second half and that good progress is being made to develop Business Post into an independent integrated postal group.
The company affirmed that it will incur an exceptional cost of about 1 mln stg in the current financial year related to exit costs from the FedEx Corp contract, which is progressing satisfactorily, but this will be offset by an exceptional gain of 1 mln stg from a recent property disposal.
Preliminary results for the year to March 31 will be announced on May 23.
