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Post Office profits soar over past year

Wed, 17 Oct 2012

The Isle of Man post office has seen more profits over the last financial year.

The statutory board of Tynwald has seen an increase from £2.4 to £2.6 million in 2010 to 2011.

Chairman Geoff Corkish MHK says the results are encouraging in the context of a struggling economy.

He also says as well as 50% going to Treasury, the business will pay an extra £2.5 million from reserves into the Island's general revenue to help balance budgets.

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