Oct 18 British newspaper distributor and parcel
delivery company Connect Group Plc reported a 7.4
percent rise in its full-year adjusted pretax profit, helped by
higher sales in its parcel delivery unit.
* The company said adjusted pretax profit rose to 60.7
million pounds ($75.5 million) in the year ended Aug. 31, from
56.5 million pounds ($70.26 million) a year earlier.
* Adjusted revenue rose to 1.91 billion pounds from 1.88
billion pounds, said Connect, which also delivers books and
stationery to schools.
* Revenue at its parcels business jumped 52.4 percent to
174.4 million pounds.($1 = 0.8042 pounds)
(Reporting by Pranav Kiran in Bengaluru; Editing by Amrutha