DX Group trading in line after positive first quarter

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.