Poste Italiane distributes 117.8 mln Euro dividend
Italian state-owned postal services company Poste Italiane has decided to distribute a 117.87 mln euro ($152.6 mln) dividend for 2005, it was reported today after a meeting on the approval of the 2005 figures.
Italy’s Treasury and local state financing agency Cassa Depositi e Prestiti (CDP) are shareholders in the company.
Poste Italiane closed 2005 with a 349 mln euro ($451.9 mln) net profit, up 19.4 pct year-on-year. Revenue exceeded 16 bln euro ($20.7 bln), marking a 13.6 pct annual hike. Operating profit amounted to 1.012 bln euro ($1.311 bln), up 23.3 pct. Pre-tax profit stood at 974 mln euro ($1.261 bln), up by 277 mln euro ($358.7 mln).
The parent company posted a 248 mln euro ($321.2 mln) net profit, up 7.2 pct. Operating profit totalled 827 mln euro ($1.07 bln), a 23.4 pct rise. Revenue amounted to over 9.0 bln euro ($11.655 bln), up 4.2 pct.
(Note: All figures/comparisons are for 2005/2004.) (ANSA).
June 7, 2006 — Il Sole 24 Ore has reported that “The Italian treasury and state-owned investment group Cassa Depositi e Prestiti stand to receive a dividend of 117.8m euros from Italy’s post office, Poste Italiane. In previous years, all profits have been re-invested in the business, but Poste Italiane’s CEO, Massimo Sarmi, said that the decision to pay out 50 per cent of last year’s net profit figure (349m euros) was testament to the solidity of the group.”
