Rise in profit comes a year after parent company IDS agreed to acquisition by Daniel Křetínský’s EP Group
Royal Mail has made a profit for the first time in three years, its owner said in its first results since its £3.6bn takeover by the Czech billionaire Daniel Křetínský.
International Distribution Services (IDS), which owns Royal Mail, said the postal service made a pre-tax profit of £194m in its financial year ended in March, up from a loss of £143m last year, as parcel volumes increased.
Continue reading...
