Swiss Die Post AG net profit up to 271.1 Mln Euro H1 2005
Swiss postal carrier Die Post AG increased its net profit by 10.5 pct year-on-year to 421 mln Swiss francs ($330.7 mln/271.1 mln euro) in the first half of 2005, but said it expected a weaker second half and projected an annual decline in full-year net profit.
Full-2004 net profit, adjusted to meet the amended IAS 39 accounting standards, was record-high 830 mln francs ($651.9 mln/534.4 mln euro).
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…………………………………………………..H1 2005…………H1 2004
(in mln Swiss francs, unless otherwise stated)
Net profit………………………………………421……………….381
Operating profit……………………………..416……………….377
Operating revenue (in bln francs)…….3.718…………….3.608
Equity capital………………………………….680……………….-221
(1.0 Swiss franc = $0.785/0.644 euro)
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The good results were said to improve Die Post’s chances of delivering a quality public service at reasonable prices.
The carrier said it would seek to improve its equity capital base further and bring it closer to levels usual for the sector.
(Editor’s note: The table combines information published on August 24, 2005 by Borsalino and on the Die Post corporate website.)
(Alternative/Original name: Die Schweizerische Post, La Poste Suisse, La Posta Svizzera)
www.borsalino.ch,http://www.post.ch
Source: Borsalino,Die Post
