Whistl profit up 145% in first full year after separation from Post NL


 

Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins. For the year ended 31 December 2016, Whistl recorded pre-tax profit of £8.4m; a 145% increase on 2015’s loss of £18.7m. Chief executive Nick Wells said this was a result of the hit Whistl took from the collapse of its final mile delivery operation, which cost the business £10m before its investor LDC withdrew. Wells told Motortransport.co.uk […]