Business Post raises mail share

First-half pre-tax profit at Business Post rose 25% as the parcels and postal delivery group increased its share of the mail handling market.

First-half pre-tax profit at Business Post rose 25 per cent as the parcels and postal delivery group increased its share of the mail handling market.

The group’s UK Mail subsidiary now collects and sorts 13 per cent of postal items before handing them on to Royal Mail for final delivery, compared with 11 per cent six months ago.

The second half had started in line with management’s expectations of moderate overall revenue growth, Guy Buswell, chief executive, said yesterday.

Group revenue was up 16 per cent in the six months to September 30, from £167.3m to £194.5m. Profit before tax increased from £4.8m to £6m.