A booming mail business offset the loss of a big Federal Express contract for Business Post enabling it to report operating profit up 43 per cent to £5m for the first half.
Operating profit it the UK Mail subsidiary was up 65 per cent to £4.3m, offsetting falls in both the parcels an specialist services business business.
Chief executive Guy Buswell, said: “We are making good progress in changing and improving the way in which we both market and operate. Central to this is the greater integration of our businesses – particularly mail, parcels and courier – and the introduction of new products and services. The advancements we are making bode well for the future. “
Business Post is implementing a change programme aimed at making it the UK’s leading independent integrated postal group. This involves a more integrated management approach, a much greater degree of customer orientation and continued product innovation.
“Full integration of our activities is fundamental to our strategic goal. We are currently combining the sales, marketing and customer relations teams in our parcels and mail businesses. We have also progressed the development of an efficient integrated network.”