Italy IPOST Surplus At EUR 22 Mln 2004
Italian Postal and Telecommunications Services Institute (IPOST), the social security institute for Italian state-owned postal services company Poste Italiane staff, registered a surplus of 22 mln euro (USD27. 7 mln) in 2004, it was reported on May 18, 2005.
In 2004, managed funds of IPOST stood at 2. 297 bln euro (USD2. 896 bln), while cash in hand totalled 1. 315 bln euro (USD1. 658 bln) at the end of December 2004, of which 1. 195 bln euro (USD1. 507) in the accounts of the State Treasury.
Net worth of IPOST stood at 2. 57 bln euro (USD3. 24 bln). No comparative figures were available.
