Royal Mail (RMG.L) is Having a Success While Others are In Crises

Royal Mail is enjoying its great success that started in 2020 and continuing in 2021. Since the share prices of the company hit the lowest price at 125.20 GBP in April 2020, the share price jumped to 574.80 GBP, developing by 449,6 GBP. On the 13th of July, it opened at 574.80 GBP and closed at 570.80 GBP, decreasing by 4 GBP from the previous close. The day’s range was from low at 566 GBP to high at 578.60 GBP. The average volume exceeds the total volume by 2,4 GBP million. The EPS is 61.80.

Covid-19 is the main reason for the share price boost in Royal mail. Since the world pandemic brought restrictions and lockdowns to go out, online shopping became very popular.

The company announced its pre-tax profit, and it was greater than the last year’s results by 546 million. Moreover, the revenue has developed by 16.6%. Chief executive Simon Thompson commented that the capacity that they were expecting in 2024, they integrated this year. And he also added that they are doing their best to make happy their every client.

Lora Nilsson

Finance and Business reporter After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter

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