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Royal Mail’s operating profit was 14.8% ahead of expectations

Full year results help to put spark back in FTSE 100 delivery group
Thursday 25 May 2017 Author: Lisa-Marie Janes
Story In Numbers

Investors in Royal Mail (RMG) should be pleased with its full year results on 18 May because they were much better than expected by analysts. In particular, investment bank Investec says Royal Mail’s operating profit of £353.2m was 14.8% higher than its forecast.

Volumes in both Royal Mail’s UK parcel business and European parcel arm GLS were ahead of forecasts. Royal Mail even delivered slightly more letters than analysts had put into their financial models.

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25 May 2017

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