Royal Mail posts a profit in first-half as parcel-led turnaround gains momentum
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(Reuters) - Royal Mail, one of the world's oldest postal services, on Thursday posted an operating profit in the first half compared with a loss last year, benefiting from higher parcel volumes as its turnaround plan progresses.The company, which was fined 50 million pounds ($64.62 million) in 2018 by regulator Ofcom, reported a wider operating loss of 25 million pounds in first half at its core UK parcels, international and letter division due to a provision for the fine. Overall operating..