Rival mail operator G3's profit margins above target, despite volume fall

Wed, 27 Apr 2016

By Sophie Boot April 28 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, held its profit margins above target in the fourth quarter of the financial year, made two acquisitions and lifted volumes by 29 percent. The Auckland-based company processed 16.7 million items in the three months ended March 31, up from 12.9 million in the December quarter. It reported a gross margin of 21.5 percent and an operating margin of 19.4 percent, both slightly lower than in December. However, its year-to-date gross margin of...

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