News / DX Express 'still on course' for recovery despite poor half-year for freight division

DX Express may have replaced its key executives, but the numbers aren’t looking good, recording a £4.4m loss for the six months to December.

Chief executive Lloyd Dunn took control in October following a spate of “managerial missteps”, which angered the company’s leading investor, and Gatemore Capital managing partner Liad Meidar said he was “thrilled” by the new appointment.

Lost profits notwithstanding, revenue at least climbed 2.7% to £146.6m, and Mr Dunn suggested this was indicative of his turnaround plans bearing fruit.

“Following a review of the business, ...