UK Mail warns on profit and turnover falls


UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs. The group, which has struggled since its new facility was fitted with automatic sortation technology that wasn’t compatible with its operation, expects to see its turnover drop by 1% for the year. In a trading statement, UK Mail said it expected a fall in pre-tax profit that was “in line with management […]