UK Mail sees profit slashed by 80%


 

UK Mail saw its profit tumble by more than 80% in the six months ending 30 September 2015, after its relocation to a new hub and “teething issues” with the facility’s technology. The group’s pre-tax profit for the period was £2.2m, compared to £12m in 2014 – a fall of 81%. In its interim report for the six month period, UK Mail said the effects of the move to the new Coventry hub, after it was ousted from its previous […]