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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dx (group) Plc | LSE:DX. | London | Ordinary Share | GB00BJTCG679 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDX.
RNS Number : 7511P
DX (Group) PLC
22 November 2016
22 November 2016
AIM: DX.
This announcement contains inside information.
DX (Group) plc
("DX" or "the Company")
Home Office Contract
&
Trading Update
DX, the independent parcels, mail and logistics operator, announces the outcome of the tender process for the contract with Her Majesty's Passport Office ("HMPO") and provides an update on current trading, including its planning appeal and revised proposal for a new distribution centre in the West Midlands.
Following the conclusion of the tender process for the Home Office contract covering secure delivery services for HMPO, UK Visas and Immigration, National Crime Agency and General Register Office, the Company has been notified that it has been provisionally awarded the contract, which remains subject only to the finalisation of documentation. The contract is for an initial two year period and may be extended by up to two years.
Trading conditions over the first half of the financial year have remained challenging and there has been margin pressure mainly resulting from a change in revenue mix. Nonetheless, with a number of major new contracts due to commence and an encouraging pipeline of new business opportunities under active negotiation, management remains focused on meeting its existing expectations for the full year.
The Company's planning appeal and revised application to develop a new central hub in the West Midlands remains under consideration by the local authority and DX now expects a decision by mid-February. A further update on this will be provided in due course.
Petar Cvetkovic, Chief Executive Officer of DX, said:
"We are very pleased to have retained the Home Office contract in this tender process. We are proud to have provided a high quality service to HMPO for over a decade, setting market-leading standards of security and care during this time, and we look forward to building on these achievements.
Trading pressures remain in the business but we are focused on meeting management expectations for the full year and are encouraged by both the new contracts due to start and by the pipeline of new business opportunities under active negotiation."
Enquiries:
DX (Group) plc Bob Holt, Chairman M: 07778 798816 Petar Cvetkovic, Chief Executive T: 01753 631 624 Daljit Basi, Finance Director Zeus Capital (Nominated Advisor T: 020 3829 5000 and Joint Broker) Nick How, Dominic King Numis Securities (Joint Broker) T: 020 7260 1314 Stuart Skinner, Toby Adcock KTZ Communications T: 020 3178 6378 Katie Tzouliadis, Viktoria Langley, Emma Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 22, 2016 02:00 ET (07:00 GMT)
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