TNT Romania ups profits by 45 pct

TNT Express again grew strongly in Romania in the first half of 2008, according to a newspaper report.

TNT Romania increased its revenues by 25 pct in the first six months of 2008 and improved its net profit by 45 pct year-on-year in the first half of 2008. No exact figures were available.

In 2007, TNT Romania reported a net profit of EUR 5.6 million and revenues of EUR 33 million targeting an increase by 20 pct on the year in 2008, with international courier services generating 75 pct of the total revenues, TNT Country Manager Bogdan Enache said.

The company reportedly plans to build a new road hub at the international airport in TImisoara, western Romania, this year. It has now 20 offices located in main cities of the country, a fleet of more than 180 vehicles and employs 360 people.

TNT Romania competes with the other leading global players DHL, UPS and FedEx as well as domestic companies such as Cargus, Fan Courier, Cargus, Alo Curier, Concorde and Pegasus.

TNT Express again grew strongly in Romania in the first half of 2008, according to a newspaper report.

TNT Romania increased its revenues by 25 pct in the first six months of 2008 and improved its net profit by 45 pct year-on-year in the first half of 2008. No exact figures were available.

In 2007, TNT Romania reported a net profit of EUR 5.6 million and revenues of EUR 33 million targeting an increase by 20 pct on the year in 2008, with international courier services generating 75 pct of the total revenues, TNT Country Manager Bogdan Enache said.

The company reportedly plans to build a new road hub at the international airport in TImisoara, western Romania, this year. It has now 20 offices located in main cities of the country, a fleet of more than 180 vehicles and employs 360 people.

TNT Romania competes with the other leading global players DHL, UPS and FedEx as well as domestic companies such as Cargus, Fan Courier, Cargus, Alo Curier, Concorde and Pegasus.