G3 cuts mail processing target 12% on delayed start for new business

Mon, 26 Oct 2015

By Suze Metherell Oct. 27 (BusinessDesk) - G3 Group, the mail operations and document management company which is the only listed company on the new small-cap NXT exchange, has cut its annual mail and document processing target by 12 percent, due to a delay in rolling out a new business. The Auckland-based group now expects to process 62.1 million units of mail and documents in the year ending June 30, 2016 down from a previous forecast of 73.5 million, it said in a quarterly key operating metrics (KOM) update. In the three months ended S...

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