Portugal CTT Profit Down 65.4 Pct Y/Y 2005

Portuguese postal service CTT-Correios de Portugal registered a 65.4 pct year-on-year decline in its 2005 profit to 17.3 mln euro ($22.07 mln), data from Portuguese news portal Diario Digital showed on June 30, 2006.

* * *

Table of CTT earnings results:

2005 Y/Y Change

(in mln euro) .(in pct)

Profit 17.3 – 65.4

Revenue 709 6.9

EBITDA .58.2 – 19

(1.0 euro =$1.276; EBITDA – Earnings Before Interest, Tax, Depreciation and Amortisation)

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