News

Royal Mail unveils six-month figures

20 November 2017

Royal Mail has reported a revenue of £4,829m for the half-year ended 24 September, which was an increase of 2% on last year.

The group’s adjusted profits after tax was £198m, up from £193m last year. The results were described by analysts as ‘broadly positive’. Breaking down the figures, the volume of addressed letters was down 5% at 5,610 million but unaddressed letter volume was up 8% at 1,510m.

On the parcels front, the core network saw a 7% increase at 516m items, and Parcelforce Worldwide saw a more modest 1% increase to 47m.

UKPIL (Royal Mail's core division) revenue was flat at £3,624m. Parcels revenue was up 5% at £1,596m but letters revenue was down 3% at £2,028m.

We’ll have more on this story in the December issue of The SubPostmaster.