Maltapost reveals drop in Q1 profit

MaltaPost has reported a pre-tax profit of €1.86m for the six months up to the end of March, down slightly from the profit of €1.92m made in the same period last year, reports Times of Malta. The article continues:

Profit after tax was €1.18m, from €1.14m in the previous year.

The company said that revenue increased marginally to €10.55m. The traditional domestic postal market saw a slight increase over last year, which was further complemented by an increase in the international mail business.

Employee benefits expenses rose by 5.8%. The company saw an increase in depreciation of 9.1% as a result of an upgrading of its branch network. Other expenses were done by 6.2 p%.

The company said the general decreasing trend of the traditional mail market was continuing to be substituted by growth in international inbound mail as a result of e-shopping.

It said that increasing local and international competition in the packets and parcel business meant that it had to strive for excellence in all its operations.

The company said it intends to diversify the business into low-cost financial services and the provision of bespoke back office processes.

Maltapost has been nominated for two World Mail Awards this week. To book your place at the World Mail Awards, please click here to download a booking form. Alternatively to attend the Awards ceremony and the World Mail & Express Europe Conference & Exhibition, please click here to book online.

Relevant Directory Listings

Listing image


PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]

Find out more

Other Directory Listings




P&P Poll


What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!

MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.


News Archive

Pin It on Pinterest

Share This