The Government stopped short of formally announcing an IPO so it is
not known when the sell-off will happen. What is clear, however, is that
investors will be buying into a company that is recovering from the
losses the decline in letters volume caused to become a profitable media
owner and a brand the public is ready to love.
Since taking over as chief executive in 2005, Moya Greene has turned the business around. Operating profit hit £403m in the last fiscal year from a loss a year earlier. Cost-cutting and round after round of efficiency programmes aside, the business has enjoyed great successes from revenue generating divisions closer to home.
Source: http://www.marketingweek.co.uk/opinion/royal-mail-is-a-good-business-but-not-yet-a-good-investment/4007348.article#commentsubmitted
Since taking over as chief executive in 2005, Moya Greene has turned the business around. Operating profit hit £403m in the last fiscal year from a loss a year earlier. Cost-cutting and round after round of efficiency programmes aside, the business has enjoyed great successes from revenue generating divisions closer to home.
Source: http://www.marketingweek.co.uk/opinion/royal-mail-is-a-good-business-but-not-yet-a-good-investment/4007348.article#commentsubmitted
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