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Trading statements

UK Mail's pre-close says overall performance in line

06 October 2015 07:24

UK Mail Group said overall group performance is in line with its revised expectations, which take account of the near-term challenges outlined in the company's trading statement of Aug. 7.

Reported Group revenues (for continuing operations) for the first half increased by some 4% compared with the same period in the previous year.

"In our Parcels business, average daily volumes for the first half increased by some 8% compared to the same period last year. We are now achieving improved rates of parcels volumes growth," the company said.

"This increase continues to be weighted towards B2C customers, related to the growth in online shopping.

"In our Mail business, average daily mail volumes were some 8% ahead of the same period last year. The Group has recently won a number of major contracts and has a good pipeline of new opportunities."

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