29th Mar 2018 12:19
For the six months ended December 31, pretax loss narrowed to
Profit performance was helped by a sharp fall in exceptional costs to
"Results in the first half reflect another challenging period for DX," DX Chairman Ron Series said. "However, the new management team, led by Lloyd Dunn, our CEO, has developed turnaround plans to set the business on the road to recovery and long-term profitable growth."
"We are very pleased to outline our turnaround plans for the business today, alongside proposals to strengthen the group's balance sheet and to raise
"DX is a company with many strengths," Series continued, "including a strong service culture and a compelling offering in several market sectors. We believe that we can unlock the latent strengths of the business and, while there are challenges ahead, we are tremendously encouraged by the expertise and capability across the group."
"Trading conditions remain challenging," Series cautioned, "but we are already seeing encouraging signs that our turnaround plans are gaining traction and expect this to build through the year and into 2019."
Shares in DX were 12% higher at
Related Shares:
DX..L