First half pre-tax profit at Business Post fell to £3m from £8.6m last year as a result of difficult economic conditions. Sales were up 21 per cent to £133m.
Chairman Peter Kane said: “Since 21 September 2005, market conditions within Parcel Services have deteriorated, to the point where daily volumes in November are marginally below last year’s and below our previous expectations. In addition, Express prices remain under pressure.
UK Mail saw sales rise almost six-fold, to £14.6m and the group now reckons it has a two per cent market share.
Business Post slips
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wpengine
This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.
