MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Clipper sees strong growth in all sectors

StockMarketWire.com

Clipper Logistics posts group pre-tax profits of £7.9m for the six months to the end of October - 15.6% up on a year ago.

The group - a leading provider of value-added logistics solutions and e-fulfilment to the retail sector - saw revenues rise by 21.1% to £199.7m and EVIT increase by 19.4% to £9.2m, reflecting strong performance across all service lines.

Group profit before tax and amortisation rose by 21.0% to £8.4m.

The group declared an interim dividend of 2.8p per share - up 16.7%.

Executive chairman Steve Parkin said: 'I am pleased to report that the Group has once again delivered strong results in line with the Board's expectations.

'Strong revenue and profit growth has continued in all sectors.

'Our market-leading position in the high-growth area of e-fulfilment and associated services, has been enhanced further by the onboarding of new customers onto the Clicklink click-and-collect operation, and the new ASOS returns facility in Poland demonstrates our commitment to leveraging our existing business across Europe.

'The first half of the current financial year saw strong organic growth on existing contracts, particularly in the e-commerce sector, and this was complemented by contract wins and two strategic acquisitions.

'Both of these acquisitions are performing in line with our expectations.

'The new business pipeline continues to be strong, and we expect the positive momentum from existing and new contracts to continue into the second half of the year.

'The Board remains confident for the future, and I look forward to updating our shareholders and the markets throughout the year.'









Story provided by StockMarketWire.com