Mail services are driving growth at UK Mail and now account for some 45 per cent of its sales.
Preliminary results for the year to 31st March show that Mail revenue was up 5.4 per cent while total group revenue was flat at £385.2m. Pre-tax profit (before exceptional items) rose four per cent to £17.8m.
Chief executive Guy Buswell said: “Our Mail business has continued to grow revenues and profits, and is building a strong platform for future expansion through new product innovation, in particular in packets.
“Revenues in our Parcels business saw an improving trend in recent months with growth achieved in the second half, and this business is in an excellent position to benefit from a consolidating market. Our Courier business achieved excellent profit growth, and we see further opportunities from our ability to support national contracts with high service levels.”