Parcel delivery businesses did well during lockdown, and this has boosted their profitability. One delivery and logistics company returned to profit during 2020 and profitability is set to accelerate.
The share price has soared in the past three years, although it has drifted downwards in recent weeks as a major shareholder trims its stake.
Delayed results can be a concern to investors, but these days auditors can find it difficult to complete audits on time, so it should not be a worry for this company. finnCap upgraded its forecasts during July following a trading update.
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