Royal Mail PLC sales for the half year to 27 th September were flat in what proved to be a challenging market for the national mail and parcels sector. Whilst its parcels business has enjoyed some growth, letter volumes have taken a further tumble. Overhead reductions which were made in 2014-2015, which involved 5500 staff redundancies, and other cost saving measures helped to stabilise margin. Moya Greene, chief executive officer commented "We delivered parcel volume and revenue growth in the UK, which continues to be a challenging market. Addressed letter volume decline was at the better end of our forecast range. We are driving through a range of product innovations and service improvements at pace, as well as targeting new areas of growth and enhancing our offering."