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UK Mail delivers strong revenues
Logistics and parcel delivery firm UK Mail yesterday said its revenue jumped 8.4 per cent to £429m in the year to the end of March. The group said its figures were helped by a rise in parcel prices, which were introduced in May last year. But profits before tax and exceptional items fell from £16.1m to £15.1m, partly due to the loss of one working day. It held its dividend at 18.2p per share. Chief executive Guy Buswell said: “We have made progress in developing our business, investing in our highly efficient network, and driving down cost.”