A very solid set of interims from Connect confirms that the Group is on track to meet full year expectations. All divisions reported stable profitability with the exception of Parcel Freight, which delivered impressive revenue and profit growth. The core News Distribution division has also announced a 5 year contract extension with Northern & Shell (Express, Star, OK! etc) valued at £83m or 6% of the news and magazine market at FY15 values. News and mags markets have been resilient (-2.2% lfl de ....
19 Apr 2016
Solid interims, contract extension & good growth at Parcel Freight
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Solid interims, contract extension & good growth at Parcel Freight
Smiths News PLC (SNWS:LON) | 50.6 0.6 2.4% | Mkt Cap: 125.3m
- Published:
19 Apr 2016 -
Author:
James Tetley -
Pages:
3
A very solid set of interims from Connect confirms that the Group is on track to meet full year expectations. All divisions reported stable profitability with the exception of Parcel Freight, which delivered impressive revenue and profit growth. The core News Distribution division has also announced a 5 year contract extension with Northern & Shell (Express, Star, OK! etc) valued at £83m or 6% of the news and magazine market at FY15 values. News and mags markets have been resilient (-2.2% lfl de ....