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Royal Mail PLC said Tuesday that it will pay a one-off final dividend of 10 pence (14 U.S. cents) a share in respect of fiscal 2021, and that trading has been broadly in line since its March 10 update.
The U.K. postal company said that for the year to March, it expects its General Logistics Systems business to report adjusted operating profit–a key measure which strips out exceptional and other one-off items–of around 350 million pounds ($481.7 million), with an adjusted operating profit margin around 8.7%.
The company said it expects GLS to grow revenue at around 12% to fiscal 2025, more than double operating profit to 500 million euros ($588.2 million) and generate EUR1 billion of free cashflow.
The board said it will announce a new dividend policy in May.
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