DX Group has taken another significant step on the road to its rehabilitation, its CFO David Mulligan told motortransport.co.uk today (5 March). Mulligan was speaking after the publication of the embattled group’s interim results for the period ended 31 December 2018, which revealed turnover growth and a smaller loss. “It was around a year ago that we were outlining our turnaround plan. We made structural changes at the back end of last year,” said Mulligan. He explained that empowerment of […]
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.
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
DX Group said it has successfully raised approximately £200.5m through selling shares on AIM this morning, following a 3% increase in turnover for the first six months of its current financial year.