DX Group trading in line after positive first quarter

15th Dec 2022 15:27

(Sharecast News) - Parcel freight, courier and logistics specialist DX said in an update on Thursday that its recent trading remained in line with management expectations, after a positive first quarter.

The AIM-traded company, which was holding its annual general meeting, said its pipeline of new business opportunities was still "very healthy".

Executive chairman Mark Hammond said DX remained in a "strong" financial position, with high levels of liquidity and significant net cash.

"We expect to provide a further update on trading in February, ahead of the publication of interim results, which are expected in March."

At 1438 GMT, shares in DX Group were down 0.72% at 26.31p.

Reporting by Josh White for Sharecast.com.