Home / Royal Mail / Royal Mail reports surge in annual operating profits to £211m

Royal Mail reports surge in annual operating profits to £211m

Business lost 4,000 staff through retirement or redundancy but said it was still producing only 'skinny' profit margins Royal Mail has reported a fivefold surge in annual operating profits to £211m just weeks after getting rid of its pension liabilities to the government and introducing major increases in stamp prices. The state-owned business, which is being fattened up for privatisation, also …

More: continued here

About admin

Check Also

Iconic ship RMS Segwun set to unveil upgrades when it sails Lake Muskoka this fall

The Royal Mail Ship Segwun, recognized as the oldest operating steam-driven vessel in North America, …

Leave a Reply

Your email address will not be published. Required fields are marked *