DX expects to return to the black as sales grow 8%

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Logistics company DX said it expected to return to the black amid an 8% rise in sales.

In a trading update, the company said its Ebitda for the year through June was expected to come in at £3.2m, turning around an Ebitda loss of £4.9m on-year.

Revenue was seen rising 8% to around £322.5m.

'The group is well-positioned to make further progress in the new financial year and remains on track to achieve market forecasts of Ebitda of £7.7m, as reported on 28 May 2019,' DX said.

At 9:20am: (LON:DX.) DX Group Plc share price was +0.13p at 13.1p