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(https://www.the-independent.com/news/business/royal-mail-international-distribution-services-earnings-delivery-b3001074.html#comments-area)Go to comments Bookmark popover Removed from bookmarks Close popover Close Video 5 (https://video.primis.tech/uploads/cn1/video/users/hls/31354/video_691c61a43f372727529437/vid69c3045133a6f872023496.mp4/chunklist_1280.m3u8) Video 6 (https://www.the-independent.com/news/business/royal-mail-international-distribution-services-earnings-delivery-b3001074.html) Video 7 (https://www.the-independent.com/news/business/royal-mail-international-distribution-services-earnings-delivery-b3001074.html) Video 8 (https://www.the-independent.com/news/business/royal-mail-international-distribution-services-earnings-delivery-b3001074.html) Powered By 10 Sec 15.6K 00 Royal Mail postal workers claim they are told to hide mail to look like delivery targets met Next video in Share Next KEEP WATCHING Royal Mail postal workers claim they are told to hide mail to look like delivery targets met Your support helps us to tell the story Read more Support Now (https://www.the-independent.com/donate?regSourceMethod=Donations) From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story. The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it. • *Your support makes all the difference.** Read more The parent company of Royal Mail (https://www.the-independent.com/topic/royal-mail), has reported an increase in revenues and earnings (https://www.the-independent.com/topic/earnings) for its UK postal division, despite facing significant rises in staff costsdue to the government’s job tax hike. (https://www.the-independent.com/news/business/royal-mail-saturday-delivery-post-b2959155.html) International Distribution Services (IDS), which was acquired last year by Czech billionaire Daniel Kretinsky,saw Royal Mail’s underlying earnings climb (https://www.the-independent.com/news/uk/home-news/royal-mail-delivery-ofcom-letters-post-b2987199.html) to £5 million in the year ending 31 March, a notable rise from £2 million in the previous year. This improvement came as revenues for the UK arm grew by 2.6 per cent to £8.4 billion, even with increased national insurance contributions. The prior year’s figures had also benefited from a surge in letter mailings related to the 2024 general election. However, the broader IDS group experienced a substantial downturn, with overall earnings plummeting by a fifth to £222 million. RECOMMENDED https://www.independent.co.uk/bulletin/news/donald-trump-margo-catsimatidis-truth-social-great-daughter-b3000493.htmlTrump photo mystery deepens as woman is reportedly identified (https://www.independent.co.uk/bulletin/news/donald-trump-margo-catsimatidis-truth-social-great-daughter-b3000493.html) https://www.independent.co.uk/news/savannah-guthrie-cnn-tucson-fbi-mexico-b3000886.htmlA ransom note about Nancy Guthrie's disappearance says she died, CNN reports (https://www.independent.co.uk/news/savannah-guthrie-cnn-tucson-fbi-mexico-b3000886.html) https://link.dsctrk.com/564a652b-7372-415a-bd31-3c42a65a612cSenior Drivers In Oregon Did Not See This Coming Consumer Auto Alerts | [Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)](https://link.dsctrk.com/564a652b-7372-415a-bd31-3c42a65a612c "Senior Drivers In Oregon Did Not See This Coming") https://link.dsctrk.com/564a652b-7372-415a-bd31-3c42a65a612cDrivers In Oregon Did Not See This Coming Consumer Auto Alerts | [Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)](https://link.dsctrk.com/564a652b-7372-415a-bd31-3c42a65a612c "Drivers In Oregon Did Not See This Coming") Powered by Taboola (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:)Powered by Taboola (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4:Mid%20Article%20Thumbnails%20II:) This decline was primarily attributed to its GLS parcel arm, which contended with new regulatory changes in Italy and a challenging trading environment across Canada. open image in gallery Royal Mail owner International Distribution Services said its UK postal arm grew revenues and earnings despite soaring staff costs after the Government’s job tax hike (James Manning/PA)(PA Wire) GLS’s earnings specifically fell by 17.1 per cent to £237 million over the year. While the group reported a 7 per cent increase in parcel volumes, reaching 1.4 billion, the number of addressed letters continued its decline, falling by 10 per cent to 5.7 billion. It said the decline reinforced the need to overhaul the universal service. Royal Mail (https://www.the-independent.com/topic/royal-mail) is pressing ahead with the roll-out of changes nationwide that will see second class post delivered every other weekday, with the Saturday service being scrapped across the UK. It comes after an agreement with trade unions, which had been holding up the extension of the changes across its full network of around 1,200 delivery offices. Royal Mail is under increasing pressure to improve service levels, with regulator Ofcom (https://www.the-independent.com/topic/ofcom) launching an investigation earlier this month into the firm’s failure to meet its delivery targets over the past year. Royal Mail revealed in May it had missed targets for another year running, achieving 75.7 per cent of first class mail arriving the next working day over the 12 months to the end of March and 90.2 per cent of second class mail delivered within three working days. open image in gallery Royal Mail is pressing ahead with the roll-out of changes nationwide that will see second class post delivered every other weekday, with the Saturday service being scrapped across the UK(PA Archive) It was fined a record £21 million by Ofcom (https://www.the-independent.com/topic/ofcom) in October last year for missing targets in 2024-25. Martin Seidenberg, group chief executive at IDS, said: “Following Royal Mail’s agreement with the unions we are rolling out universal service changes across the UK which will lead to a more efficient, reliable and sustainable service for our customers. RECOMMENDED https://www.independent.co.uk/bulletin/news/tucker-carlson-quits-republican-party-b3001016.htmlTucker Carlson brands Republicans ‘treasonous’ as he quits the party (https://www.independent.co.uk/bulletin/news/tucker-carlson-quits-republican-party-b3001016.html) https://www.independent.co.uk/news/world/americas/iowa-tv-anchor-quits-sanitzed-news-b3000591.htmlIowa news anchor quits on air over ‘sanitized news’ (https://www.independent.co.uk/news/world/americas/iowa-tv-anchor-quits-sanitzed-news-b3000591.html) https://event.mfadsrvr.com/click12 Things To Cut When Living On Retirement Comparisons.org | [Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4-a:Mid%20Article%20Thumbnails%20III:)Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4-a:Mid%20Article%20Thumbnails%20III:)](https://event.mfadsrvr.com/click "12 Things To Cut When Living On Retirement") https://anti-aging.site/tbl/adv-01Dermatologists: The 1 Vitamin You Need If You Have Wrinkles Anti-Aging Center | [Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4-a:Mid%20Article%20Thumbnails%20III:)Sponsored (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4-a:Mid%20Article%20Thumbnails%20III:)](https://anti-aging.site/tbl/adv-01 "Dermatologists: The 1 Vitamin You Need If You Have Wrinkles") Powered by Taboola (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4-a:Mid%20Article%20Thumbnails%20III:)Powered by Taboola (https://popup.taboola.com/en/?template=colorbox&utm_source=eslmedia-theindependent&utm_medium=referral&utm_content=alternating-thumbnails-stream-1x4-a:Mid%20Article%20Thumbnails%20III:) “GLS continues to grow revenue and parcel volumes despite challenging conditions in parts of Europe (https://www.the-independent.com/topic/europe), underlining the resilience of the group and the strength of our international network.” IDS said it is continuing to ramp up its network of parcel lockers to capitalise on booming ecommerce and marketplace sales, with out-of-home parcel volumes up 40 per cent over the year for Royal Mail. 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