Romanian Cargus 2006 gross profit down to 2.1 mln Euro38
Romanian courier services provider Cargus said its gross profit fell to 2.1 mln euro (USD2.73 mln) in 2006 from 2.5 mln euro (USD3.25 mln) reported in 2005.
Cargus’s 2006 turnover dropped below the value of 15.3 mln euro (USD19.9 mln) registered in 2005, due to higher investment last year, the company’s CEO Augustin Plesea said.
Cargus carried out a 2.5 mln euro investment project in 2006 to expand its vehicle fleet, acquire information technology (IT) equipment and finance promotion campaigns.
In 2007, Cargus expects its turnover to rise 45 pct on the year to 29 mln euro (USD37.73 mln).
Cargus (www.cargus.ro), set up in 1991, offers same day delivery, next day delivery, cash on delivery and declared value services.
In 2004, Cargus set up GeoPost Cargus, a joint venture with French-Turkish courier GeoPost-Yurtici Kargo, which offers international air express, air-road and road-based services on the domestic market.
