Royal Mail almost doubles profits in first results as private company

Results come as Vince Cable faces MPs over valuation of Royal Mail – whose market value has risen £2.2bn since sell-off Rising parcel revenue and one-off items helped Royal Mail almost double first-half operating profit in the newly privatised group's first results as a public company. Operating profit for the six months ended 29 September was £283m, up from £144m a year earlier. This year's …

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