Business Post Group: Interim Results 2007/08 (Unaudited)

Highlights

– Group revenues up 9 pct to GBP 167 m (2006: GBP 153m)
– Group revenues excluding Federal Express up 15pct
– UK Mail Revenues up 59 pct to GBP 60m (2006: GBP 37m)
– Profit before tax (before exceptionals) up 50 pct to GBP 4.8m (2006: GBP 3.2m)
– Profit before tax up 182 pct to GBP 4.8m (2006: GBP 1.7m)
– Interim dividend of 6.4p per share (2006: 6.4p)

Guy Buswell, Chief Executive said:

“We have seen a significantly improved Group performance compared to a year ago, with like-for-like revenue growth of 15pct and profit before tax (before exceptionals) up 50pct. This has been driven primarily by further very strong growth in UK Mail, good performances in the business-to-business segment, which makes up 80pct of our parcels business, and in our pallets business. In UK Mail we continue to win significant new business, including Abbey, HBOS, and Virgin Media.

We are making good progress in changing and improving the way in which we both market and operate. Central to this is the greater integration of our businesses – particularly mail, parcels and courier – and the introduction of new products and services. The advancements we are making bode well for the future.”