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19/11/2014
Royal Mail Warns Of Uncertain Future
Royal Mail has recorded a fall in profits in the six months to September, standing at £218m, which is down from £233m for the same period in 2013.
Announcing the figures, the company also warned that increased competition could see it steadily lose more money – it has estimated that £200m could be wiped off sales by the rise of delivery firm Whistl, previously known as TNT.
It also said that its Universal Service – a government-mandated service which guarantees a single price postal service to all UK addresses – is under threat.
The company's financial statement shows the their UK parcel delivery revenue fell by 1%. However, its international parcel delivery service, GLS, rose by 7%.
(MH/CD)
Announcing the figures, the company also warned that increased competition could see it steadily lose more money – it has estimated that £200m could be wiped off sales by the rise of delivery firm Whistl, previously known as TNT.
It also said that its Universal Service – a government-mandated service which guarantees a single price postal service to all UK addresses – is under threat.
The company's financial statement shows the their UK parcel delivery revenue fell by 1%. However, its international parcel delivery service, GLS, rose by 7%.
(MH/CD)
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