Poste Italiane Net Profit Up 18.1 Pct Y/Y H1 2007
Italian state-owned postal services company Poste Italiane closed the first six months of 2007 with a net profit of 448 mln euro (USD 630.8 mln), up 18.1 pct compared to the first half of 2006.
The operating profit marked an increase of 8.3 pct to 959 mln euro (USD 1.35 bln).
Poste Italiane generated a revenue of 9.5 bln euro (USD 13.376 bln), a rise of 8.6 pct. The revenue from traditional activities amounted to 2.8 bln euro (USD 3.9 bln), up 3.4 pct. The revenue from financial services went up 4.5 pct and the revenue from insurance services grew by 15.6 pct.
The number of current accounts of Italian bank BancoPosta, a unit of Poste Italiane, stood at 5.1 million in June 2007, up from 4.9 million in December 2006.
The number of pre-paid Postepay cards increased to 3.3 million in June 2007 from 2.8 million in December 2006. The number of debit cards issued rose to 5.9 million in June 2007 from 5.6 million at the end of 2006.
