Margins increase at home delivery specialist

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Home delivery specialist Hermes says it has increase profit margins over the past year to give a profit of £17.5m for the financial year 2010-11.

Sales were up six per cent at £211.5m, and the operator  is looking for 20 per cent growth in the coming year.

Hermes chief Carole Woodhead said: “Throughout these challenging economic times Hermes has continued to buck the trend and has invested wisely in the right technology and people to support new services that retailers and their customers want. As a result our new business pipeline remains robust.”

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