Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts. The company made its fifth loss in a row, recording a pre-tax loss for the year ended 30 June 2014 of £73m – equivalent to losing £1.4m a week. The result was an improvement on the £98m pre-tax loss made in 2013 and turnover at the parcel delivery firm also increased from £379m a year earlier […]
Turnover and pre-tax profit at Royal Mail Group continued to climb last year, despite increased competition in the parcels sector and declining letter volumes.
City Link’s profit and volumes suffered as it fell victim to lower than expected demand during the Olympic Games. The parcel firm posted a turnover of £76.2m for the three months ending 30 September, a 2.4% increase on the same period in 2011. It is the first time City Link has reported year-on-year growth in the last five years, Managing Director Dave Smith said. It made an adjusted operating loss of £5.5m in the third quarter, a 19.1% rise on […]
GeoPost UK, comprising of DPD and Interlink, showed robust financial health in 2013 with significant increases in turnover and pre-tax profit.