Royal Mail reveals double profits

Updated
Britain Royal Mail
Britain Royal Mail

Royal Mail posted another surge in earnings today, but revealed tougher trading at its parcels business and cautioned over the impact of recent strike fears.

In its first set of results as a listed company, the group revealed operating profits nearly doubled to £283 million for the six months to September 29 from £144 million a year earlier, although figures were boosted by £95 million after a VAT credit and lower-than-expected costs of its overhaul programme.
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