Poste Italiane net profit at 236 mln Euro 2004
Italian state-owned postal services company Poste Italiane SpA registered a consolidated net profit of 236 mln euro ($310. 8 mln) for 2004, compared to 90. 3 mln euro ($118. 9 mln) for 2003.
Poste Italiane’s net profit stood at 21. 6 mln euro ($28. 4 mln) in 2002.
The company’s earning before interest, tax, depreciation and amortisation (EBITDA) rose by 56. 7 pct to1. 8 bln euro ($2. 37 bln). Operating profit dropped by 82 pct to 796. 4 mln euro ($1. 048 bln). Turnover amounted to over 9. 0 bln euro ($11. 851 bln).
The 2004 preliminary financial results were approved by the Poste Italiane board of directors. The data were announced by company CEO Massimo Sarmi and by president Enzo Cardi.
(Note: Unless otherwise stated all figures/comparisons are for 2004/2003) (ANSA).
