Royal Mail plc (RMG.L) today announced its results for the full year ended 25 March 2018.
Moya Greene, Chief Executive Officer, said:
“It has been another successful year, despite the challenging environment. Group revenue is now over £10 billion, a significant milestone, thanks to our geographical diversification and focus on growth. GLS had another strong year. Its revenue grew organically and through targeted acquisitions in higher growth markets. Parcel volume growth in UKPIL was our best for four years. We delivered a resilient letters performance. We continue to focus on cost avoidance and parcel revenue growth in the UK and through GLS. The good cash generation characteristics of our business will support our progressive dividend policy.”
To read the full report, please click here.
Source: Royal Mail