Good first half for UK Mail

BIRMINGHAM-based logistics group UK Mail has experienced a surge in both revenue and profits in the six months to September 30.

The firm saw group revenues rise by 11.9% to £225.7m (2011: £201.6m) and group profit before tax (before exceptional items) increase by 7.8% to £7.3m (2011: £6.8m).

Mail revenues were up 23.6% to £115.9m and parcel revenues were up by 4.4% to £87.2m.

UK Mail reports that it has a strong balance sheet with net cash at the period end of £15.7m (2011: £11.6m).

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