Belgian Post Net Profit Up to 83 Mln Euro H1 2006
Belgian postal services company De Post/La Poste generated a net profit of 83 mln euro (USD 105.9 mln) in the first half of 2006, up 3.0 pct year-on-year, the company said on August 24, 2006.
The company’s operating profit increased to 100 mln euro (USD 127.6 mln) from 64 mln euro (USD 81.7 mln) a year earlier.
Sales rose by 5.0 pct to 1.122 bln euro (USD 1.432 bln).
De Post said its results indicated that the company’s financial health was improving.
The number of deliveries hardly fell in the reporting period, despite rising competition on the part of electronic media, De Post said. In fact, deliveries volumes rose in all segments except ordinary and registered mail, driven by the growing economy and new delivery contracts. However, the volumes are falling sharply in most countries, so De Post, too, has factored in a potential future decline in its outlook.
De Post (www.post.be) said it also improved the quality of its service and delivered more parcels and letters on time.
(Note: Unless otherwise stated, all figures/comparisons are for H1 2006/H1 2005.)
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