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21/05/2013
Profits More Than Double At Royal Mail
An increase in parcel deliveries is being credited with helping more than double annual profits at Royal Mail.
New figures show that in the 52 weeks to March operating profit jumped to £403m, up from £152m the previous year.
Its UK parcels and letter unit saw profits increase to £294m, up from £33m the year previous.
In terms of revenue Royal Mail remains the largest overall parcel delivery service, with Royal Mail chief executive Moya Greene saying the transformation of the firm “is well underway”.
The news comes ahead of the company’s expected privatisation next year.
(MH/CD)
New figures show that in the 52 weeks to March operating profit jumped to £403m, up from £152m the previous year.
Its UK parcels and letter unit saw profits increase to £294m, up from £33m the year previous.
In terms of revenue Royal Mail remains the largest overall parcel delivery service, with Royal Mail chief executive Moya Greene saying the transformation of the firm “is well underway”.
The news comes ahead of the company’s expected privatisation next year.
(MH/CD)
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Consumer group, Postwatch, have announced that thousands of letters are delivered to the wrong address every month, but few people complain to Royal Mail. The watchdog estimates that around 14.4 million letters are ‘lost’ every year, although around 60% of these are just simply posted through the wrong letterbox.
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