Newly NXT-listed G3 reports 29% first-half profit fall

Mon, 30 Nov 2015

By Sophie Boot Nov. 30 (BusinessDesk) - G3 Group, the mail operations and document management company that listed on the NXT platform in June, reported a 29 percent decline in first-half profit as it bore one-off costs from listing on the NXT market and restructuring its business, and as sales fell from a year-earlier boom when customers got in ahead of a postage price hike. The first company to list on the platform, intended for mid-cap growth stocks, G3 described the result as "strong" on an operating earnings basis. The company uses g...

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