28th Nov 2019 12:28
(Alliance News) - The chair of courier DX Group PLC said Thursday the first four months of its new financial year revealed a "stepped improvement" on the year prior.
Executive Chair Ron Series said trading over the first four months of the year ending June 2020 was showing a "stepped improvement."
This was after the firm made several changes in its DX Express and DX Freight units over the last 18 months. In particular, the ongoing improvement at the DX Freight business supported the stronger performance.
"Management's attention is now focused on sales and operational improvements across all areas of activity with the group's ongoing transformation being supported by a major GBP10 million investment programme covering IT systems, mechanisation, and site improvements," Series said.
"DX's trading is seasonally weighted towards the second half of the financial year, and taking this into account, the board believes that the group is well-positioned for continuing progress and to meet its targets for the current financial year," Series added.
Shares in DX were 2.1% higher at 12.00 pence in London on Thursday.
By Ahren Lester; [email protected]
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