Mauritius postal agency announces USD 1.75m profit
The Mauritius postal agency Monday announced a total profits of USD 1.75 million for the financial year 2006/2007, after a loss of USD 9.6 million in 2005/2006.
Mauritius Post chairman Arnaud Godere described the performance as “remarkable”, adding it was due to the “implementation of a master plan for the period 2006/2009, and to reforms introduced the same year.”
“The good news is promising and encouraging. Our strategy based on diversification of postal and a non-postal products and services, management of expenditure as well as readjustment of prices from October 2006 has produced results which enabled us to reverse the trend,” he explained.
Godere is optimistic for the future and plans to increase profits in the next few years.
The Mauritius Post chairman said he was aware of “dangers” threatening his company, notably a decrease in international mail due to the Internet, growing competition from mail companies and the liberalization of postal services planned for 2009.
According to him, Mauritius Post should continue its diversification effort to increase the share of non-postal services in its activities from the current 15 per cent to 40 per cent.
It should also ensure strict management of its operating costs along with good governance and accountability, he said.
