Tag: Courier/Express/Parcels

Peter Kane, Chairman, issued the following statement. I am pleased to report another year of successful progress in line with the Three Year Plan set out in November 2001. In particular, pre-tax profit increased substantially and a strong base has been established for further profitable development. Of special note has been the further market share advances in the core Express business-to-business market, strong growth in HomeServe, operating in the business-to-consumer market, the acquisition of Weaver Pallet Express (since re-branded as UK Pallets), a significant palletised goods delivery business, and the signing of an agreement with Royal Mail which enables UK Mail, our business mail subsidiary, to commence operations. During the year, turnover increased by 23% to £192.7m (2003: £156.3m) and pperating profit before goodwill amortisation increased by 22% to £19.1m (2003: £15.6m).