ROYMF - Is Royal Mail Worth Your Time And Money?
Age old correspondence methods are changing and so are conventions. And Royal Mail Plc (ROYMF) may not seem royal any more, as shrinking margins in the paper correspondence industry have pushed the company to revamp its business model. It is stressing more on parcels’ delivery with the boom of the e-commerce industry. With more than one third drop in annual profit and a gloomy forecast Royal Mail is all set to disappoint you.
Though the business got into the £10 billion revenue bracket for the first time, YoY revenue growth was only 2%.