Whistl sees losses slashed in 2021 boosted by Covid-19 e-commerce boom
Parcel delivery and e-fulfilment company Whistl cut its pre-tax losses by almost two thirds in 2021, according to its latest figures. Annual results to 31 December 2021 reveal a fall in pre-tax losses to GBP3.2m, from a 2020 loss of GBP8.6m. Turnover rose 26% in the year to GBP823.2m, up from GBP654.3m in 2020.
Whilst the group made an operating profit of GBP49.5m in 2021, this was reduced by administrative expenses, which rose by GBP7.1m to GBP47.8m (2020: GBP40.7m).