Express Dairies plans e-deliveries
EXPRESS Dairies plans to use its 4,000 milkmen and floats to deliver goods bought on the internet to provide a much-needed source of revenue.
This online initiative cannot come too soon for the company which saw profits fall 11% to 52.7m in the year up to March.
This is before a 42.7m charge related to the closure of Glanbia Dairies, acquired last year.
Overcapacity in the industry, higher packaging costs and a 6.6m increase in pension costs have added to problems, reports the Daily Express.
Express Dairies chief executive Neil Davidson promised an announcement on a deal with an internet company in the next few weeks.
Express shares closed down 9p at 77p.
- Express pays 100m for Glanbia in UK, FWi, 02 June 1999
- Express details first results as independent, FWi, 01 June, 1999