Royal Mail Revenue Grew 8.2% 5-Mos Year-on-Year

By Jaime Llinares Taboada

Royal Mail PLC said Thursday that its adjusted operating profit for the first half ending Sept. 30 is expected to be between 395 million and 400 million pounds ($537.9 million-$544.7 million).

The company said that both the adjusted operating profit and margin of its Royal Mail business are expected to be higher in the second half compared to the first half. As for the GLS business, which provides delivery services in Europe and North America, the group maintained its full-year outlook of low-single-digit percentage revenue growth, and 8% operating margin.
Royal Mail also said that in the five months to Aug. 30, its revenue rose 8.2% year-on-year and by 18% from the same period in 2019.
Royal Mail said domestic parcel revenue rose 4.1% year-on-year, with total parcel revenue up 0.1% and letter revenue increasing 18%.
As for GLS, revenue increased 9.3% year-on-year and by 31% from the same period in 2019.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT