Tag: Europe

Full Chairman’s Statement: I am pleased to announce a 12% increase in profit before goodwill amortisation and tax to £9.1m. These results continue to deliver progress in line with the Group’s Three Year Plan. The successful launch of UK Mail, and the continuing fast rates of growth in the HomeServe, Courier, International and UK Pallets businesses, are particularly pleasing.

Business Post announces continued progress in line with the Group’s Three Year Plan. The successful launch of UK Mail, and the continuing fast rates of growth in the HomeServe, Courier, International and UK Pallets businesses, are particularly pleasing. Turnover increased by 23% to GBP109.9m and profit before goodwill amortisation and tax was up by a satisfactory 12% at GBP9.1m. The traditional second half bias is expected to be slightly more pronounced this year as a result of the Group’s newly-launched mail activities. Profit before tax was GBP8.8m and net cash inflow from operating activities increased to GBP8.3m from GBP6.0m. Peter Kane, Chairman, stated “The Board believes that the Group already contains the elements necessary for further substantial profitable growth, not only in UK Mail but also through its other businesses, which are collectively capable of driving double digit percentage growth. The Group’s strong financial performance and excellent cash flow characteristics place the Group in a good position to continue investing in new products and services and create further differentiation from its competitors.