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Boost for shareholders as parcels help Royal Mail to £311m profit
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Royal Mail is handing £400m to shareholders after its parcel delivery business benefited from the greater shift to online spending during the pandemic.
The accelerated trend to more parcels, which Royal Mail said was a permanent shift, helped it to a £311m pre-tax profit in the six months to 26 September, after barely scraping a profit last year. Its revenues rose by 7% year-on-year to £6.1bn.
The news sent shares up 5% on Thursday morning, making Royal Mail the top riser on the FTSE 100.
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