Clipper upbeat at halfway stage

Clipper upbeat at halfway stage

Clipper Logistics (CLG) only released an in-line trading update as recently as 16 November, so these first-half performance numbers did not take investors by surprise. Underlying earnings before interest and taxation – a “key performance measure” for the company, according to chief financial officer David Hodkin – rose by nearly a fifth to £9.2m, reflecting strong growth across e-fulfilment and returns management services, as well as a strong performance in the commercial vehicles division.

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