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Group profit up 41% at Clipper

Logistics company Clipper has announced record profits for the year to 30 April 2016.

Group profit at the company, which is in its second year of trading, was up by 41.1% – from £7.3m to £10.3m – while operating profit excluding exceptional costs increased from £12m to £14.5m.

Clipper said the strong results were in part due to its click-and-collect collaboration with John Lewis and new operations with Pep&Co, Browns and Zara. It also secured a new contract with jeweller Links of London.

Executive chairman Steve Parkin said: “Our latest set of full-year results reflects the confidence that our customers, both long-standing and new, place in our ability to provide services that allow them to consistently achieve their service proposition to their customers.

“Our new financial year has started well with a strong pipeline of opportunities and we look forward to updating the market as these crystallise in the coming months.

“In addition, our new click-and-collect solution for the high street, developed in collaboration with John Lewis, will provide nationwide coverage from the autumn. We are in discussions with a number of retailers about this unique service.”

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