UK Mail has revealed a pre-tax profit of £12.9m for the 12-months ended 31 March, down 19.5% on the previous year mainly due to a £2.2m hit from closure of four depots. Group turnover for the year was up by 8.4% to £429m, however, when adjusted for the increase in Royal Mail prices implemented on 6 May 2011, revenue increased by just 3.2%. The company says the results reflect UK Mail’s resilience during a year of tough trading in markets […]
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.
The promise of a solid first half in its financial year did little to improve investor confidence in Stobart Group – because investors were already ahead of the curve. On 17 April it was trading at a year low of 76.5pence per share. Today its at its year high of 109.5p – proving that investors have faith in the direction Andrew Tinkler is taking the company.
UK Mail has declined to say what changes it has made to its operation since staff at one of its depots were shown on television mistreating customer consignments.