DX Group has declared it is on the road to recovery, after trimming its annual loss by more than £60m. Releasing its results for the year to 30 June 2018, the company made a loss after exceptional items of £19.9m compared with a loss of £82.3m in the same period a year ago. Turnover was up slightly at £299.5m (£2017: £291.9m). As confirmed in a trading statement in July, the company’s debt position was better than previously anticipated following a […]
DX Group’s pre-tax profit crashed 75% year-on-year in the six months ending 31 December 2016, it revealed today.
DX Group’s turnaround plan, which was backed by investors to the tune of £4.76m in May, remains on course with the embattled operator set to trim losses in its current financial year.
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.