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Annual revenue of Post Office Ltd 2012-2021
You need to track the expenditure that leads to the declared losses ...... how much is being paid in dividends, how much has debt been leveraged resulting in interest charges, etc., etc. All this is standard for privatised industries..... conman rule number 1, don't let the mark see he has been conned.Richard Frost wrote: ↑Wed Sep 06 2023 6:38pmAnnual revenue of Post Office Ltd 2012-2021
Published by Statista Research Department, Aug 31, 2023
In the 2021 fiscal year, the United Kingdom-based Post Office Ltd had generated 957 million British pounds in revenue, an increase of one percent from the previous year, when it reported 951 million British pounds in revenue. This increase was however not enough to offset the loss in revenue recorded at the beginning of the COVID-19 pandemic. In 2019, the company reported some 972 million British pounds in net sales.
Post Office Ltd is actually making a loss and is heavily subsidised by the Taxpayer. Especially so since it is the Taxpayer who is funding compensation to ex postmasters caught up in the Horizon Scandal. I totally agree with you when you say "no perception of public service".
Post office Ltd is not a private company, never has been. It is wholly owned by the taxpayer.macliam wrote: ↑Thu Sep 07 2023 12:44amYou need to track the expenditure that leads to the declared losses ...... how much is being paid in dividends, how much has debt been leveraged resulting in interest charges, etc., etc. All this is standard for privatised industries..... conman rule number 1, don't let the mark see he has been conned.Richard Frost wrote: ↑Wed Sep 06 2023 6:38pmAnnual revenue of Post Office Ltd 2012-2021
Published by Statista Research Department, Aug 31, 2023
In the 2021 fiscal year, the United Kingdom-based Post Office Ltd had generated 957 million British pounds in revenue, an increase of one percent from the previous year, when it reported 951 million British pounds in revenue. This increase was however not enough to offset the loss in revenue recorded at the beginning of the COVID-19 pandemic. In 2019, the company reported some 972 million British pounds in net sales.
Post Office Ltd is actually making a loss and is heavily subsidised by the Taxpayer. Especially so since it is the Taxpayer who is funding compensation to ex postmasters caught up in the Horizon Scandal. I totally agree with you when you say "no perception of public service".
Who, if you read my original post, is the company I am complaining about.Sarah wrote: ↑Thu Sep 07 2023 10:39amPostage stamp pricing and operation of the British postal service is surely the responsibility of Royal Mail (Group Limited).
https://en.wikipedia.org/wiki/Royal_Mail
Indeed..... particularly as Royal Mail (which IS privatised, is the company I targeted in my original post.
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