Italy Postel net profit soars 400 pct Y/Y H1 2006
Italian postal services company Postel, a unit of Poste Italiane, registered a 400 pct yearly surge in net profit to 2.5 mln euro (USD3.2 mln) in the first half of 2006, compared to 600,000 euro (USD755,886) a year earlier.
Operating revenue of Postel reached 193.7 mln euro (USD244 mln) between January and June 2006, against 161.1 mln euro (USD203 mln) booked for the respective period of 2005. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to 15.3 mln euro (USD19.3 mln) from 11.3 mln euro (USD14.2 mln), while operating profit stood at 9.9 mln euro (USD12.5 mln), compared to 5.1 mln euro (USD6.4 mln).
The company tackled a total 635 million mails, against 613 million a year earlier. Postel marked an annual 20 pct rise in operating revenue during the period, president Giovanni Ialongo said. (Note: All figures/comparisons are for H1 2006/H1 2005.)
