StockMarketWire.com - Clipper Logistics' revenues rose by 16.7% to £234.8m in the year to the end of April.

Group adjusted EBIT increased by 24.9% to £12.0m and group profit was £7.3m (2014: £2.8m), after deduction of discontinuing costs of £0.3m (2014: £2.3m) and exceptional costs of £0.9m (2014: £2.5m); an increase of 157.3%.

Earnings per share increased by 157.0% to 7.3p (2014: 2.8p)

Adjusted earnings per share increased by 20.1% to 8.4p (2014: 7.0p as restated).

Executive ehairman Steve Parkin said: "The group is proud to be continuously recognised throughout the UK's retail sector, as a leading provider of value-added logistics and e-fulfilment solutions and this is reflected in our latest set of full year results.

"Successfully implementing its strategy of both organic and acquisitive growth whilst working with some of the UK's most recognised brands, the business continues to drive shareholder value.

"Our new reporting year has started strongly with the signing of terms for a Click & Collect solution with John Lewis and we look forward to updating the market with further successes through the coming year."


At 8:45am: [LON:CLG] Clipper Logistics share price was +0.01p at 224.88p



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