Czech DPD CZ Revenue Up 30 Pct 2005

Czech courier company Direct Parcel Distribution CZ (DPD CZ) reported a 30 pct year-on-year revenue growth for 2005, mainly due to the two-fold increase in the number of international shipments.

The strong performance in 2005 was also a result of the economic upturn in the Czech Republic and the rising exports and imports, company CEO Daniel Mares said.

DPD CZ handled nearly 5.0 million shipments, up by 25 pct year-on-year.

The company launched the new DPD Guarantee service, a cheaper alternative to the air express services, in June 2005.

In 2005 DPD CZ expanded its distribution network with a new depot in Karlovy Vary, western Bohemia, and started the construction of a new logistics centre in Modletice near Prague, to be opened in the summer of 2006. The total investment in the centre might reach 5.0 mln euro ($6.4 mln).

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