UK Mail profit stumbles while major investment in infrastructure continues


UK Mail’s continued investment in its infrastructure, including the move from its Birmingham HQ to a new fully automated Ryton hub, resulted in a dip in pre-tax profit in the year ended 31 March 2015. In its latest results, the business saw group revenue climb 0.8% to £485.1m (2014: £481.4m), while pre-tax profit (before exceptional items) slipped 4.2% to £21m (2014: £21.9m). Exceptional items cost the business £11.3, including a £9m goodwill write-off from the closure of UK Pallets earlier […]