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Royal Mail raises annual profit forecast on upbeat letter volumes, revenue

March 10 (Reuters) - Royal Mail on Wednesday raised its forecast for annual adjusted operating profit by 200 million pounds ($277.74 million), citing stronger-than-expected letter volumes and revenue trends.

Royal Mail, one of the oldest postal companies in the world, now expects 2020-21 profit to be around 700 million pounds compared with 500 million pounds it had forecast earlier. ($1 = 0.7201 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Vinay Dwivedi)

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