Learn English: Royal Mail Back in the Black After Years of Losses (hard)

4 days, 14 hours ago

Royal Mail Back in the Black After Years of Losses

Royal Mail, after three years of financial struggles, has finally returned to profitability, reporting a £12 million profit.

This turnaround comes after a Czech billionaire's takeover and significant changes, including Saturday second-class letter delivery cessation.

The company's focus shift towards parcel deliveries and modernization efforts have contributed to this positive financial outcome.

Despite ongoing challenges, the return to profit signifies a crucial step in Royal Mail's recovery and future growth.

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Source

Original: BBC News

Tags

#Royal Mail #Profitability #Turnaround #Parcel Deliveries #Modernization

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