Half Year Results 

Online retail still driving Clipper

Online retail still driving Clipper

The migration to online retail continues to boost Clipper Logistics (CLG), with e-fulfilment and returns management largely responsible for revenue growth during the first half of the year. Benefitting from the ramp-up of new contracts, underlying operating profit from the segment grew by 7 per cent to £6.7m. The group is hoping future growth can come from its Clicklink joint venture, which serves the ‘click and collect’ market. Operating losses at Clicklink narrowed to £0.5m and with price increases implemented last November and over two-fifths of revenue generated in the third quarter, the division is expected to generate between £1.2-1.4m of operating profit for the full year.

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