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(Reuters) – International Distribution Services (IDS), the owner of Britain’s Royal Mail, reported an 8.2% rise in revenue for the first quarter of fiscal 2025 on Thursday, supported by strong parcel demand and more postal votes during the UK elections.
IDS, which agreed to a 3.57-billion-pound ($4.63 billion) takeover by Czech billionaire Daniel Kretinsky in late May, maintained its outlook for Royal Mail’s return to profit this fiscal year.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)
