DX Group is set to edge back into the black with new work and operational efficiencies helping efforts to turn the loss-making business around. In a pre-close trading update for the year to 30 June 2019, the company said that its results “are expected to be in line with market forecasts, with DX moving back into profitability”. The statement added that the company had generated £3.2m of earnings before interest, tax and depreciation (EBITDA), compared to an EBITDA loss of […]
DX Group’s largest shareholder has slammed the proposed acquisition of John Menzies Distribution, deeming it a bad deal for shareholders, an attempt to distract from “terrible” operating results and a “face saving exercise for the DX board”.
DX Group has said that the shortage of skilled HGV drivers continues to affect its profitability as it continues to address its performance following a profit warning in November.
A 90% plummet in DX Group’s share price has prompted its largest shareholder to call for the removal of two board members for their “inexcusable” performance.