Stamp cost to rise 25percent as An Post hits black
AS An Post stands poised to reveal a dramatic EUR 45m turnaround in its fortunes later this week, the Sunday Independent has also learned that the troubled semi-State is set to apply for a 25 per cent increase in the price of a postage stamp.
It is understood that the semi-state company will seek to have the cost of posting an ordinary letter raised to 60 cents.
The beleaguered company will unveil a surprise return to profit in its 2004 annual report due to be published on Thursday.
Ireland’s most troubled semi-state will report an operating profit of EUR 1.68m when chief executive Donal Curtin releases the annual report at the GPO in Dublin. This reverses the massive losses of EUR 43m which were reported in Curtin’s debut presentation at An Post 12 months ago.
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