“Good progress” at UK Mail Group
UK Mail Group said overall group trading performance for it’s third quarter was slightly ahead of expectations. A statement, covering the period 1 October to 31 December 2009, also announced UK Mail Group made “good progress”.
Group revenues for the period increased by approximately 4%, year-on-year.
A spokesman said: “Our parcels business has returned to revenue growth, the first year-on-year increase since the first quarter of the previous financial year, with good volume growth partly offset by continued pricing pressures.
“Our mail business has continued to grow its revenues, benefiting from some early signs of improvement in the levels of more discretionary mailings that had suffered as a result of the economic downturn.
“Specialist Services has also returned to overall revenue growth, with an improving trend in both our Courier and Pallets businesses.
“As a result of this good trading performance, we now expect that profits for the year ended March 2010 will be slightly ahead of previous expectations.”
