Royal Mail recovery continues with profit and turnover both up

Royal Mail

Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today. Its UK parcels, international and letters (UKPIL) division, which encompasses its Royal Mail and Parcelforce Worldwide brands, saw year-on-year EBITDA before transformation costs jump 45% to £775m for the 53 weeks ended 31 March 2013. This compared with £533m for the 52 weeks ended 25 March 2013. Division turnover increased by 6% to £7.6bn (2012: […]