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DX Group on track as freight business continues to recover

First-half results will show a material improvement over the comparable period of 2018

DX (Group) -
Trading has been encouraging so far this year

Logistics specialist DX Group PLC (LON:DX.) has been trading well over the first half of the year helped by a turnaround at its freight division.

As a result, it said, first-half results will show a material improvement over the comparable period of 2018, with further progress predicted for the remainder of the year.

First-half results are therefore expected to show a material improvement on the same period last year, principally led by the ongoing turnaround of the DX Freight division.

A new DX Freight depot has opened at Ipswich and additional depots are expected to be opened over the calendar year while a roll-out of handheld devices and mechanisation will increase capacity and productivity.

'House' broker finnCap has forecast revenues of £331.5mln in the year to June and adjusted profits of £4.5mln.

Quick facts: DX (Group)

Price: 7.125 GBX

Market: AIM
Market Cap: £40.87 m

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