G3 maintains margins in third quarter as volume lags expectations

Tue, 26 Jan 2016

By Paul McBeth Jan. 27 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, held its margins above target in the third quarter of the financial year, while delays from a new bulk mail customer and a December lull left processing volumes below expectations. The Auckland-based company processed 12.9 million items and reported gross margin of 21.9 percent and an operating margin of 19.8 percent in the three months ended Dec. 31. The NXT-listed firm provides quarterly updates on particular operating measures releva...

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