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PROFIT OR LOSS?/REVEALED.........WELL SORT OF!
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jafferpants
- Posts: 727
- Joined: 24 May 2007, 16:21
- Location: OVER THE HILL
PROFIT OR LOSS?/REVEALED.........WELL SORT OF!
DID I READ ON ANOTHER POST THAT THE YEARLY FIGURES WERE GOING TO BE RELEASED TO-DAY.
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32733
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Moved to Blue Shirts.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32733
- Joined: 07 Aug 2006, 03:19
- Gender: Male
From Postwatch.
At long last, Royal Mail has published its regulatory accounts for 2006/07. You can check these out here.
This is not an easy document to understand, so here are some headline figures:
First class stamps made a loss of £71M compared to a loss of £128M in the previous year – so a significant improvement in performance but still a sizable loss
Second class stamps made a loss of £114M compared to a loss of £115M in the previous year – so no change and still major losses
First & second class meters made a profit of £116M compared to a profit of £203M in the previous year – so a large drop in profitability
First & second class postage paid impressions (PPI) made a profit of £51M compared to a profit of £82M the previous year – so another fall in profitability.
Mailsort, Cleanmail & Walksort made a loss of £61M compared to a profit of £48M the previous year – so another reverse.
Downstream access made a loss of £44M compared to a loss of £14M the previous year – this is because of volumes more than doubling to over 2.4 billion items.
Other products made a profit of £111M compared to a profit of £121M the previous year – again a reverse.
Combining all the product groups in the price controlled area, for 2006/07 Royal Mail made a loss of £12M compared to profit of £197M the previous year – a significant reverse in fortunes.
http://postwatchuk.blogspot.com:80/2007 ... -last.html
At long last, Royal Mail has published its regulatory accounts for 2006/07. You can check these out here.
This is not an easy document to understand, so here are some headline figures:
First class stamps made a loss of £71M compared to a loss of £128M in the previous year – so a significant improvement in performance but still a sizable loss
Second class stamps made a loss of £114M compared to a loss of £115M in the previous year – so no change and still major losses
First & second class meters made a profit of £116M compared to a profit of £203M in the previous year – so a large drop in profitability
First & second class postage paid impressions (PPI) made a profit of £51M compared to a profit of £82M the previous year – so another fall in profitability.
Mailsort, Cleanmail & Walksort made a loss of £61M compared to a profit of £48M the previous year – so another reverse.
Downstream access made a loss of £44M compared to a loss of £14M the previous year – this is because of volumes more than doubling to over 2.4 billion items.
Other products made a profit of £111M compared to a profit of £121M the previous year – again a reverse.
Combining all the product groups in the price controlled area, for 2006/07 Royal Mail made a loss of £12M compared to profit of £197M the previous year – a significant reverse in fortunes.
http://postwatchuk.blogspot.com:80/2007 ... -last.html
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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deadbox
- Posts: 357
- Joined: 27 May 2007, 11:51
Page 19 summary
Pg. 19 ROYAL MAIL GROUP = £53m PROFIT
GOD, THE ACCOUNTANTS HAVE WORKED VERY HARD TO MAKE IT LOOK LIKE A LOSS
Its taken them longer than last time, when they wanted to show a profit...then the results were anounced very early !
If we are running at such a loss then WHY isn't AL & AC offering to resign.....After all, the buck stops here......It is under their leadership that we are hemmoraging money.....They negotiated the down stream access PRICE, hailing it as a good deal for RM.......Now they've FAILED, they're trying to blame THEIR mistakes upon the workforce >>US<<
DO THE DECENT THING>>>RESIGN,
Let someone else have a go
After all, whoever takes over, they could hardly be any WORSE !
GOD, THE ACCOUNTANTS HAVE WORKED VERY HARD TO MAKE IT LOOK LIKE A LOSS
Its taken them longer than last time, when they wanted to show a profit...then the results were anounced very early !
If we are running at such a loss then WHY isn't AL & AC offering to resign.....After all, the buck stops here......It is under their leadership that we are hemmoraging money.....They negotiated the down stream access PRICE, hailing it as a good deal for RM.......Now they've FAILED, they're trying to blame THEIR mistakes upon the workforce >>US<<
DO THE DECENT THING>>>RESIGN,
Let someone else have a go
After all, whoever takes over, they could hardly be any WORSE !
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32733
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Interesting that the figures came out once the talks have started (When dum and dumber turn up that is 
)
) I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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BELIAL
- Posts: 6758
- Joined: 15 Jun 2007, 17:33
- Gender: Female
- Location: Nowhere
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AndyK
- Posts: 176
- Joined: 08 Aug 2007, 18:55
I'll second that set of useless T**TSIf we are running at such a loss then WHY isn't AL & AC offering to resign.....After all, the buck stops here......It is under their leadership that we are hemmoraging money.....They negotiated the down stream access PRICE, hailing it as a good deal for RM.......Now they've FAILED, they're trying to blame THEIR mistakes upon the workforce >>US<<
DO THE DECENT THING>>>RESIGN,
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axeman
- Posts: 1733
- Joined: 12 Jun 2007, 17:57
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L Tommo
- Posts: 3165
- Joined: 06 Feb 2007, 09:43
- Gender: Male
- Location: WATCHING YOU WATCHING ME!
Look anyone that believes the BIG AL n lil adam school of economics is as brain dead as a dodo....
The mad professors got to grips with the figures and a abacas and spun out this utter dribble....
ALL I KNOW THEY HELD BACK FIGURES AND TOOK ANORMOUS BONUSES WHEN PLEADING POVERTY FOR THE BUSINESS....
DONT TAKE A LOT OF WORKING OUT DOES IT!!! EVEN IF WE DID MAKE A LOSS.. GET THEM TWO PARASITES OUT!!!
DONT STAND FOR THERE SHITE!!! :cfo :lfo
The mad professors got to grips with the figures and a abacas and spun out this utter dribble....
ALL I KNOW THEY HELD BACK FIGURES AND TOOK ANORMOUS BONUSES WHEN PLEADING POVERTY FOR THE BUSINESS....
DONT TAKE A LOT OF WORKING OUT DOES IT!!! EVEN IF WE DID MAKE A LOSS.. GET THEM TWO PARASITES OUT!!!
DONT STAND FOR THERE SHITE!!! :cfo :lfo
L TOMMO.... ILLEGITIMIS NON CARBORUNDUM........
EAST LONDON MAIL CENTER-ISHHHH
EAST LONDON MAIL CENTER-ISHHHH
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strangler
- Posts: 441
- Joined: 07 Jun 2007, 15:43
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coppertop
- Posts: 229
- Joined: 27 May 2007, 17:17
Prifit or Loss
Wow I wonder if I should not donate my weeks wage to the two little blighters. If things are that bad maybee we should give them a hand(right out the f.u.c.k.i.n.g. door) . It really amazes me that this has come out now, do we believe them or not I think not
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somerset
- Posts: 582
- Joined: 08 Jun 2007, 16:23