Business Post delivers profits rise
Published Date:
19 November 2008
BUSINESS Post today said half-year profits rose 25 per cent after the Royal Mail rival claimed a greater slice of the collection market.
The Slough-based company said its mail operation, which picks up and sorts post ahead of delivery by Royal Mail, increased its market share by volume collected to 13 per cent, compared to 11 per cent six months earlier.
As a result, operating profits from UK Mail rose 30.2 per cent to £5.6m and helped group pre-tax profits hit £6m in the six months to September 30.
The performance by UK Mail offset a 5 per cent drop in profits at the company's parcels arm after rising fuel prices put margins under pressure.
Companies such as Business Post have been steadily growing as corporate customers turn their backs on Royal Mail following the liberalisation of the postal market.
Business Post said today it was less exposed to fluctuations in levels of economic activity as some 70 per cent of its mail volume was based on delivering regular statements or statutory notifications.
The full article contains 183 words and appears in n/a newspaper.
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Last Updated:
19 November 2008 10:39 AM
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Source:
n/a
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Location:
Yorkshire
