Business Post Group plc – Interim Results 2006/07
Highlights
Group revenue up 15% to £153m (2005: £133m)
UK Mail revenue up 157% to £37m (2005: £15m)
Operating profit (before exceptional items) £3.5m (2005: £6.6m)*
Profit before tax (before exceptional items) £3.2m (2005: £6.5m)*
Exceptional charges of £1.5m (2005: £3.2m)
Profit before tax £1.7m (2005: £3.3m)*
Interim dividend 6.4p per share (2005: 6.4p)
*as restated for prior year adjustments.
Guy Buswell, Chief Executive said:
“Good progress has been made in addressing the operational issues in the Parcel Services business which undermined our performance last year, and UK Mail has continued to grow strongly, reinforcing its position as the leading competitor to Royal Mail.
We have recently undertaken a review to establish the medium term strategic agenda for the Group, which is to develop Business Post into the UK’s leading independent integrated postal group. We are creating a robust platform from which this can be achieved.
Current trade remains in line with our expectations and the Board expects a much improved second half.”
Enquiries:
Business Post Group plc
Guy Buswell (Group Chief Executive) 0121-335 1111
Steven Glew (Group Finance Director) 01753-706 070
Hogarth Partnership
John Olsen
Fiona Noblet
Sarah Richardson
