Poste Italiane registers EUR90.3Mln net profit 2003
Italian state-owned postal services company Poste Italiane registered a consolidated net profit of EUR90.3mln (USD107.8mln) for 2003, compared to EUR21.6mln (USD25. 7 mln) for 2002, it was reported on May 4, 2004.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at EUR1.175bln (USD1.403bln) for 2003, up 46 pct year-on-year.
Poste Italiane posted a consolidated net loss of 74 mln euro (USD94 mln) for 2001. The company reported consolidated EBITDA of 255 mln euro (USD324 mln) for 2002, a 38 pct year-on-year increase. The company generated a consolidated turnover of EUR7.804bln (USD9. 917 bln) for 2002, up 3. 0 pct year-on-year.
