Royal Mail: stock up after interim results

(CercleFinance.com) - Royal Mail shares are up over 5% in London after the postal operator reported an adjusted taxable profit of 378 million pounds for H12021-22, miles above the 18 million pounds posted a year earlier.


The British group made an adjusted operating profit of 404 million pounds, meaning an operating margin of 6.7%, on revenues that grew by 7.1% to 6.07 billion euros, in particular supported by the growth of its logistics subsidiary GLS (+7.5%).

All said, its board of directors has decided to redistribute 400 million pounds to shareholders: half in the form of share buybacks starting immediately and half in the form of an extraordinary dividend.


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