Post Office makes £2.4 profit

Wed, 09 Nov 2011

The Isle of Man post office made profits of £2.4m last year.

The annual accounts have been published and will be put before Tynwald this month.

Despite the profits, CEO Mike Kelly warns that the core business remains under immense pressure and diversification into new products and international markets becomes more important.

Half of the money made will be given to Treasury as a levy.

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Post Office makes £2.4 profit

More News Stories

Year 8 students to be offered HPV vaccine

Tributes paid to former Southern 100 Stalwart Jack Wood

Mayor urges business support for 'inspiring' young people

Work underway to stabilise area following landslip on Mountain Road

Be flood prepared: Free sandbags at Civic Amenity Sites

Yellow warning for coastal overtopping

Drop-in session in Jurby to give feedback on Manx health care

Appeal to near-miss crash in Port St Mary

Politician Leonard Singer passes away