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.