Post delivers profits
4th July 1996, Page 13
4th July 1996
Page 13
Page 13, 4th July 1996
— Post delivers profits
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
• Parcels delivery firm Business Post has posted pretax profits up 42% to £13m on a 28% increased turnover to £65.5m, demonstrating stronger margins as a result of improved cost-management.
Operating margins rose from 17.3% to just above 19%, during the year ending March 1996. and the company spent £2.3m on capital projects, which included £400,000 on the building of a regional hub in London's Docklands.
It is also planning a new national hub in Birmingham, which should be operational by mid-1997 at a projected cost of £7.6m.