Earnings at DX Group have plunged as the mail, parcels and courier services company warned that the start of its new financial year had been “especially challenging”.
The AIM-quoted group has experienced a number of problems this year including legal issues, a police investigation, a shortage of qualified drivers and difficulties at one of its sites. Its chief executive and finance director left suddenly in June.
Earnings before interest, tax, depreciation, amortisation and exceptional items for the year to 30 June fell to £7.2m from £18m. DX reported an adjusted profit before tax of £0.