London-based IDS, which owns Royal Mail, reported a positive performance for the three months to the end of December, with revenue growing 0.8% to GBP3.62 billion from GBP3.59 billion the prior year.
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The owner of Royal Mail said it remains on track to return to annual profit after a parcel boost over Christmas as its £3.6 billion takeover by Czech billionaire Daniel Kretinsky nears completion.
Its new “state-of-the-art” parcel hubs in Daventry and Warrington processed more than 75 million parcels during the Christmas period, up 23% year-on-year, according to IDS.