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Mail increase of 60% helps Business Post double first-half profit

22nd November 2007
Page 20
Page 20, 22nd November 2007 — Mail increase of 60% helps Business Post double first-half profit
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BUSINESS POST doubled its pre-tax profits to £4.8m on turnover up 9% to £167m in the first half of 2007.

Turnover in Business Post's specialist services division, which includes palletised goods and its courier service, was down 0.9% at £20.9m; the turnover of its courier service dropped 10% to £5.7m.

However, turnover for the palletised goods business increased by 3% to £15.2m.

One of the group's successes in 2007 was in mail delivery, where turnover rose nearly 60% to £59.6m in the first half. In September Business Post handled 130 million items of post, representing 7.5% of the total market, compared with 5.5% in March.

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