DX (Group) added 4% on the junior market on Monday after the logistics and parcel distribution company produced promising interim results.
Revenues increased 15% to £231mln with operating margins improving from 3.6% to 5% year on year.
Adjusted profit from operating activities improved 63% go £11.6mln and cash in the bank improved 150%, leading to an interim dividend of 0.5p per share in line with the capital allocation policy published in September 2022.
DX’s share price was 29.34p with a market capitalisation of £177.47mln as of 10.10am, 27 February.