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UK Mail's H1 pre-tax profit slumps on lower parcels margin

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Published Wed, Nov 18, 2015 · 09:50 PM

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Bengaluru

UK MAIL Group Plc reported a 56 per cent slump in first-half pre-tax profit, hurt by inefficiencies in its new automated hub and a lower contribution from its parcels unit.

UK Mail also said its expectations for the next financial year have soft-ened slightly and the delivery company lowered its interim dividend by 25 per cent to 5.5 pence.

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