Profitable parcels
19th January 1995, Page 12
19th January 1995
Page 12
Page 12, 19th January 1995
— Profitable parcels
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Keywords :
Postal System Of The United Kingdom, Royal Mail, Express Mail, Parcelforce, Tax, Business / Finance
• Securicor's parcels business last week posted a healthy batch of financial results along with profits up nearly 75%. Parcels, which returned pre-tax profits of £9.9m For the year ending 30 September, benefited from "substantially" increased volumes on the previous year when the pre-tax profit was £5.7m. Turnover increased by 29.6% to £241.1m over the period. Securicor's group chief executive Roger Wiggs says that in the UK customers are opting for overnight services rather than two and three-day deliveries.
Ii The results contrast strongly with the Post Office's Parcelforce which lost £28m for the half-year to 25 September 1994— E11 m more than the same period the previous year.