Revenues of parcel and mail carrier Business Post Group, which has an operation in Birmingham Heartlands, have increased by 16 per cent in the three months to June 30 and trading is in line with expectations.
The company said at its annual general meeting that parcel revenues had shown a satisfactory improvement compared to the same period last year, particularly in business-to-business parcels.
The mail business continued to achieve strong growth, driven by new business wins together with more mail volume from existing customers.
Chairman Peter Kane said that during the period April 1 to June 30, 2008 there had been good growth in the B2B parcels business which represented in excess of 80 per cent of parcels revenues.
Mr Kane said: “Revenues in Specialist Services for the period were up significantly on last year. In particular the Courier business has benefited from the contract with Orange which commenced in the period.
“We have made a good start to the financial year with continued revenue growth and with trading performance in line with management expectations,” he said.
Dennis Clark a non-executive director and senior independent director has retired from the board and Philip Stephens has taken over the role of senior independent director. The board is advanced in appointing a successor to Mr Clark as non-executive director.