DX Group said significantly increased volumes would result in revenue growth £10m higher than previously anticipated and as a result it would repay government support provided during the pandemic. The logistics delivery service said trading performance since its interim results were reported in March had been stronger than expected, with increased volumes in its freight division being driven by both existing and new customers. In a trading update, it said: “The board anticipates that DX will significantly exceed existing market […]
Howard Tenens Logistics’ first full year of trading delivered more than £66m in turnover and pre-tax profits of £4.7m.
CM Downton enjoyed a successful first full trading year since being acquired by EmergeVest, with profits growing by more than 90%.
Logistics business groups have welcomed the Chancellor of the Exchequer’s series of measures to get the economy back on its feet, but warned that further initiatives are needed to prevent a slew of job losses.