Royal Mail’s profits soar ahead of privatisation

May 21, 2013, 3:48pm

ROYAL Mail’s profits surged 60 per cent this year, ahead of the government’s planned privatisation of the postal service.

The company today announced pre-tax profits of £324m for the year ended 31 March 2013, compared to £201m in 2012.

The firm, which the government hopes to sell off within the year, saw its revenues rise to £9.3bn from £8.8bn over the period.

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