By Elena Vardon
DX (Group) posted a rise in its pretax profit for fiscal 2023 and said performance for the first quarter of fiscal 2024 was in line with its expectations.
The London-listed delivery company on Tuesday reported a pretax profit of 25.4 million pounds ($30.7 million) for the year ended July 1, compared with GBP17.4 million the previous year.
Revenue rose to GBP471.2 million from GBP428.2 million, driven by performance at both of its DX Express and DX Freight divisions, it said.
“We are mindful of the current economic headwinds, however, given the strong platform that we have established and the encouraging levels of new business that we have secured in the opening months of the new financial year, we look forward to another year of further progress,” Chief Executive Paul Ibbetson said.
The group proposed a final dividend of 1.0 pence per share, bringing the total payout for the fiscal year to 1.5 pence, compared with no dividend the previous year.
Write to Elena Vardon at elena.vardon@wsj.com
Read the full article here