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The report of the British postal service Royal Mail for the fiscal year ended in March showed a decrease in its adjusted operating profit by 26% to 509 million pounds. During the earnings period, the company spent 133 million pounds on reorganization. At the same time, its revenue reached 10.44 billion pounds, having increased over the year by 2%. The company's management has decided to pay dividends of 0.25 pounds per share for the year. The amount of dividends compared with the previous year increased by 4%. To improve profit margins, the company developed a financial recovery plan for the next 5 years, which implies a 40% reduction in dividends in fiscal year 2020 and a £1.8 billion investment in postal services in the UK. At the moment, the capitalization of Royal Mail is 2.11 billion pounds. Since the beginning of 2019, it has decreased by 20%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
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