UK Mail profit falls by close to a third after “challenging year”


Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology. For the year ended 31 March 2016, UK Mail recorded pre-tax profit of £14.4m (2015: £20.1m). The company reported it had had “teething issues” with its new technology at its Rydon site after the six months ended 30 September saw its pre tax profit fall by 80%. Since then, the loss […]