Royal Mail posts 25% surge in profits

Results up 25 per cent, but Brexit uncertainty could hit letters business, warns firm

A Royal Mail post box in central London
(Image credit: Peter Macdiarmid/Getty Images))

Royal Mail shares are up this morning after the company posted a strong rise in profits driven by growth in its domestic and overseas parcels business.

Pre-tax profits for the year to the end of March rose 25 per cent to £335m, from £267m last year, on the back of a one per cent rise in revenue to £9.8bn.

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