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Lynx into profit

10th November 1988, Page 5
10th November 1988
Page 5
Page 5, 10th November 1988 — Lynx into profit
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Which of the following most accurately describes the problem?

• The National Freight Consortium's only loss-making subsidiary, parcels carrier Lynx Express Delivery Network, has broken into the black.

Managing director Graham Roberts predicts a 270 million turnover this year, up .214 million on last year, and the NFC group results as a whole are expected next month.

During 1986/87, Lynx lost 22.3 million on a 256.1 million turnover and Roberts says that Lynx's move into the black confirms its position in the "first division" of parcels companies alongside TNT, United and Securicor.