News / DX Group on course to turn a £4.9m loss into £3.2m profit in a year

DX Group’s largest shareholder, Gatemore Capital Management, has praised the company’s progress in turning the business round, following a trading update.

This morning’s update confirmed that the courier and logistics company’s results – due 24 September – are expected to be in line with forecasts suggesting a £3.2m ($3.9m) profit for the year ending 30 June.

Should this prove correct, it will mark a dramatic reversal for a company that, a year earlier, recorded a loss of £4.9m.

Liad Meidar, managing partner at ...