Royal Mail window network company profit glides

Affected by the cuts in government subsidies, the withdrawal of public reception work and sales slowdown, royal mail window network company in the first half of 2013 revenue dropped 21000000 pounds.
Financial report released in the near future, royal mail window network company's medium-term display, as of September 29, 2013, the company in the past 6 months income fell 3.6% to 583000000 pounds. During the period, government subsidies from 103000000 down to 100000000 pounds, the turnover (excluding subsidies) down to 483000000 pounds.
In the first half of the fiscal year, the company operating profit from 61000000 down to 53000000 pounds, or 13%. Besides the factors of financial subsidies, still have 47000000 operating loss, higher than 42000000 in the first half of 2012 the pound.
At the same time, the post window network company in the financial services and telecommunications products showed a trend of growth. Among them, the financial services revenue increased 0.7% to 139000000 pounds, and savings products grew 23%; telecommunications revenue increased 3% to 65000000 pounds.
Mail and retail business income fell $12000000, or 6.1%, to 184000000 pounds. Among them, down 10000000 pounds from the Royal Mail product sales slow. On the one hand because of the parcel business declined, on the other hand is mainly caused by rising prices of goods sales. In addition to the Olympics last year and Jubilee Festival Promotion, performance this year compared with 2012 be inferior by comparison.
In addition, the post window network companies to reduce 9000000 pounds in the government service to 75000000 pounds, or 10.7%. But the passport inspection and issuance of service brings the extra income of 1000000 pounds. Bring 1000000 pounds profit growth and Bank of Ireland, First Rate exchange Service Corporation joint venture foreign exchange services for the post window network company, £ 23000000.
MYEX Minya Express International
2014-01-22