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6 Oct 2009 07:00
6 October 2009
Business Post Group plc
Pre-Close Trading Update
Business Post Group plc today issues the following pre-close trading update for the half year ended 30 September 2009.
The first half year has gone well, with overall group trading performance in line with management expectations.
Group revenues for the period decreased by approximately 3% year on year. However, our operations continue to achieve high levels of efficiency which have enabled us to reduce our operating costs, more than offsetting the profit impact of the lower revenues.
As expected, revenues in our Parcels business have declined year on year, although we have continued to see an improving trend in volume and revenue performance during the period.
Our Mail business has continued to grow, with revenues benefitting from the recent contract wins.
As expected, revenues in Specialist Services were slightly down year on year although this masks a stronger contribution from the Courier business.
Business Post Group plc will report its Interim Results for the year ended 31 March 2010 on 18 November 2009.
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Enquiries: |
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Business Post Group plc |
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Guy Buswell, Chief Executive Steven Glew, Finance Director |
0121 335 1111 01753 706070 |
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Hogarth Partnership |
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John Olsen Ian Payne |
020 7357 9477 |
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