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27/11/2013
Royal Mail Sees Profits Rise In Last Six Months
In the first published results since its partial privatisation, Royal Mail has seen a significant rise in its pre-tax profits.
In the six months to September 29 pre-tax profits rose to £233 million, up from £94m the previous year.
Royal Mail also reported that a one-off windfall, from a pension reform, boosted overall pre-tax profits to £1.58bn.
The profit rise announcement follows Business Secretary Vince Cable telling MPs that shares in the business had been sold too cheaply.
(MH/CD)
In the six months to September 29 pre-tax profits rose to £233 million, up from £94m the previous year.
Royal Mail also reported that a one-off windfall, from a pension reform, boosted overall pre-tax profits to £1.58bn.
The profit rise announcement follows Business Secretary Vince Cable telling MPs that shares in the business had been sold too cheaply.
(MH/CD)
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Royal Mail Records Increase In Profits
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Royal Mail Records Increase In Profits
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Profits More Than Double At Royal Mail
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Royal Mail's Profits Masks Pension Deficit
As Royal Mail Group today announced continued good performance - with operating profit rising by £83 million to £404m - the new Government has confirmed that it will seek "a partial privatisation". In its latest coalition agreement document, Downing Street said it would seek "an injection of private capital" in Royal Mail.
Royal Mail's Profits Masks Pension Deficit
As Royal Mail Group today announced continued good performance - with operating profit rising by £83 million to £404m - the new Government has confirmed that it will seek "a partial privatisation". In its latest coalition agreement document, Downing Street said it would seek "an injection of private capital" in Royal Mail.
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Royal Mail Profits Up
Operating profits at Royal Mail grew by 4% in the six months proceeding September, it was confirmed today. Profits during this period were valued at £184m and the business injected around £300m into pension funds over this time, which is still expected to hit a deficit of over £10bn when revalued.
Royal Mail Profits Up
Operating profits at Royal Mail grew by 4% in the six months proceeding September, it was confirmed today. Profits during this period were valued at £184m and the business injected around £300m into pension funds over this time, which is still expected to hit a deficit of over £10bn when revalued.
18 November 2008
Easyjet Pre-Tax Profits Plummet
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Easyjet Pre-Tax Profits Plummet
Budget Airline EasyJet have seen pre-tax profits plummet by 45% to £110m despite carrying 17.3% more passengers over the year. The firm aims to meet difficult future economic conditions by concentrating on offering passenger value, cutting costs, and saving cash. Orders for new planes will be reduced.
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