Royal Mail parent IDS to break even this fiscal year
16/11/2023 07:09
Nov 16 (Reuters) - Royal Mail owner International
Distributions Services IDSI.L said on Thursday it expects to
pay a modest dividend from its unit GLS this year and its
adjusted operating performance would be around breakeven point
this fiscal year.
IDS, which owns Royal Mail in the UK and international
parcels network GLS, reported group adjusted operating loss of
169 million pounds ($209.41 million) for the six months ended
Sept. 24, compared with 57 million pounds a year earlier.
($1 = 0.8070 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi
Aich and Sohini Goswami)
((Yadarisa.Shabong@thomsonreuters.com; +91 9742735150;))