UkrPoshta raises net revenues by 5.6%

In the first quarter of 2003 the Ukrainian state-run enterprise of post service Ukrposhta increased net revenues by 5.6 compared to the same period last year – to UAH328.9 million. The enterprise’s net profit in January-March was UAH4.6 million (in the first quarter of 2002 – UAH7.1 million), profitability making 1.7 reads a press release of the company. The share of revenues from written correspondence made 20.8% in the general structure of the company’s earnings (20%), from payments and pension delivery and monetary aid – 19.1% (18%), distribution of periodicals – 9.2% (9.7%), money remittances – 5.3% (5.6%), parcels – 2.2% (2.2%), other services – 43.4% (44.6%). Among the most claimed services, the company marked computer-aided remittances, revenues on which grew more than three-fold. Ukrposhta noted that labor efficiency grew by 12.7% compared to the first quarter last year, and average wage increased by 16.6% – to UAH342. The enterprise has no debts to the budget. According to the company, in January-March the amount of capital contributions made UAH14.7 million. Ukrposhta also opened three Internet offices, bringing its number up to 62, including 38 in Kyiv. Ukrposhta is the Ukrainian postal monopoly. The company provides over 70 kinds of services.