Profit increase at Isle of Man post office

Wednesday, 17 October 2012 01:00

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.

More from Isle of Man News

Logan Air confirms changes to Birmingham route schedule

Logan Air has confirmed there will only be one flight scheduled between Birmingham and the Island during the summer and winter.
Minister says Braddan Roundhouse access route work is underway

Health Minister Lawrie Hooper says preparation work is underway by Braddan Commissioners to build an access route to The Roundhouse after his department shut off the road.
Part of Dukes Ave to close during TT fortnight

A section of the road by Police Headquarters will close to traffic during the TT period for the first time.
Chief Minister and DESC meet with Southern Swimming Pool Board

The Chief Minister and Minister for Education, Sport and Culture have met with representatives of the Southern Swimming Pool to discuss the future of the pool.
Logan Air to stop weekend flights between IOM and Birmingham

Airline Logan Air has announced that its Saturday flights between the Isle of Man and Birmingham will be stopped from later this year.
Enterprise Minister says gov planning to collect more hospitality data

The Island's Enterprise Minister says he doesn't know how many hospitality businesses have opened or closed since a new economic plan was unveiled.
Sprinklers put out flats fire

Firefighters say they were called to a block of flats in Onchan earlier.
Section of Mountain Road closed for oil clean-up

A section of the Mountain Road is currently closed after an oil spill.