Unaudited Interim Results for the six months to 30 June 2005
DATE: 31st August 2005
Business Direct Group (BDG.L), the developer and operator of the ParcelXchange intelligent locker distribution system, reports its Interim Results for the six months ended 30 June 2005. Highlights
- Group turnover £6.64m (2004: £1.89m)
- ParcelXchange turnover £635,000 (2004: £168,000)
- Gross profit totalled £634,000 (2004: Loss £33,000)
- Net loss pre tax higher at £1.25m (2004:- Net loss £400,000) reflecting the continued investment in the ParcelXchange network and infrastructure. There were circa £300,000 of exceptional costs relating to the ANC acquisition.
- Customer base strengthened by recent acquisitions of Concord and the ANC ‘in-boot’ business.
- Revenue of In Night (ParcelXchange/and ANC) picking up with highest level of recorded business in June.
- 260 ParcelXchange sites now up and running and a further 60 expected to be installed in the second half of 2005 giving a total of 4,500 individual lockers.
- Demonstration ParcelXchange installed in Singapore and new service in Northern Ireland due to be launched in third quarter of 2005
Commenting on the Interim Results, Tim Houstoun, Chief Executive, said: “Although the Group has fallen behind with the integration of ANC and the roll out of ParcelXchanges, the Board believes that its ongoing strategy of concentrating on innovation and intelligent logistics will lead to a better business performance.”
For Further Information: Alison Brindley
Head of Marketing
Business Direct plc
T: +44 (0) 7962 649 629
E: alison.brindley@bdpx.com
| For Media Enquiries:
Alison Brindley,
Head of Marketing,
Business Direct Group plc
+44 (0)7962 649 629 or
+44 (0)1788 821 228.
alison.brindley@bdpx.com
For supporting text and image files:
Rachel Parry,
Marketing Executive,
Business Direct Group plc
+44 (0) 1788 821 235
rachel.parry@bdpx.com
|
Notes to Editors:
Business Direct Group is divided into three separate but complimentary divisions.
In-night division, which incorporates ParcelXchange, intelligent locker distribution system, and an in-boot service, where deliveries from as far afield as continental Europe are made through the night to engineers vehicles.
In addition to traditional same-day and next-day courier activities and warehousing facilities, Specialist division also provides time-specific two-man delivery solutions and technical plug and play services.
Finally, Business Direct has realised the unlimited potential of the ParcelXchange solution and formed a division to market this unique product on a Worldwide basis.
