Poste Italiane profits to rise
Corrado Passera, managing director of Italian postal service Poste, has presented the business plan for 2002-2004 which is based on developing more financial services as well as the logistics and package deliveries division.
Poste is also to increase the use of IT in the delivery of mail and to set up a cargo airline. Net operating profits are expected to rise to 877.97m euros compared to 175.59m euros in 2001. Net profits are forecast to rise to 387.34m euros in 2004 compared with 100m euros in 2001. Revenue is expected to rise by 23 per cent to 8.8bn euros by 2004.
Abstracted from Il Sole 24 Ore
