DX on track to meet its expectations as turnaround plans show progress

Writer, Stock Market Wire
Monday, February 4, 2019 - 08:07

Delivery solutions company DX said Monday it was in a 'good position' to drive further improvements and remained on track to return to positive earnings for the financial year as its turnaround plans showed progress.

The turnaround initiatives in the first half of the year were more evenly focused across the two divisions, DX Freight and DX Express, in contrast to last year's greater concentration on DX Freight, the company said.

Net new business at DX Freight and DX Express remained positive, reflecting 'the investment in the sales teams. With the increased focus on improving service levels, the rate of attrition in the Document Exchange operation has continued to slow,' it added.

At 8:07am: (LON:DX.) DX Group Plc share price was -0.06p at 9.1p

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