Group revenues up 9% to £167m (2006: £153m)

    Group revenues excluding Federal Express up 15%

    UK Mail Revenues up 59% to £60m (2006: £37m)

    Profit before tax (before exceptionals) up 50% to £4.8m (2006: £3.2m)

    Profit before tax up 182% to £4.8m (2006: £1.7m)

    Interim dividend of 6.4p per share (2006: 6.4p)

Guy Buswell, Chief Executive said:

"We have seen a significantly improved Group performance compared to a year ago, with like-for-like revenue growth of 15% and profit before tax (before exceptionals) up 50%.  This has been driven primarily by further very strong growth in UK Mail, good performances in the business-to-business segment, which makes up 80% of our parcels business, and in our pallets business. In UK Mail we continue to win significant new business, including Abbey, HBOS, and Virgin Media.

We are making good progress in changing and improving the way in which we both market and operate.  Central to this is the greater integration of our businesses - particularly mail, parcels and courier – and the introduction of new products and services.  The advancements we are making bode well for the future."