Author: Archive

Azkar 9 mths net drops to 10.98 mln eur vs 13.17 mln on lower one-time gains

Posted by | Nov 15, 2004 | |

Transportes Azkar SA said net profit fell to 10.98 mln eur in the nine months to Sept 30 from 13.17 mln a year earlier, mainly due to lower one-time gains.
In a statement, Azkar said sales rose 14.21 pct to 231.12 mln eur. EBITDA climbed 13.16 pct to 31.39 mln eur, while EBIT rose 14.48 pct to 15.02 mln.
Investments totalled 24.83 mln eur in the nine month period, while net debt stood at 58.05 mln, with gearing at 38.63 pct.

Read More

DHL open offer for 20 pc stake in Blue Dart

Posted by | Nov 15, 2004 | |

DHL Express Singapore Pte Ltd has appointed Ambit Corporate Finance Pvt Ltd manager to make an open offer to the equity shareholders of Blue Dart Express Ltd to acquire 20 per cent of its equity shares at Rs 350 per share. The acquirer, along with Deutsche Post AG, would be making the open offer for 47,45,587 equity shares of Blue Dart, in an all cash deal aggregating Rs 166.09 crore.

Read More

Appeals Court revokes Correo Argentino bankruptcy

Posted by | Nov 15, 2004 | |

An Argentine commercial appeals court has revoked the bankruptcy status of former postal service operator Correo Argentino, reversing a ruling that was first handed down in December. In a Tuesday filing to the local stock exchange, Correo Argentino’s parent company, Sideco Americana (SDA.YY), said the courts ruled in favor of appeals requested by Correo Argentino, the International Finance Corporation and the Inter-American Development Bank. The IFC is the private equity arm of the World Bank and a shareholder in Correo Argentino, as is Banco de Galicia y Buenos Aires SA (GALI.BA), the country’s oldest and largest private bank.

Read More

UOHS against Ceska posta’s monopoly on direct mail

Posted by | Nov 15, 2004 | |

The Czech anti-monopoly office UOHS said today it was against the current efforts at reintroducing state- run postal services operator Ceska posta’s monopoly on delivering direct mail. The service is also provided by Mediaservis, which has less than a 10 per cent share on the Czech market.
“Remonopolisation means a restriction of the emerging competitive environment and runs counter to the main objectives of competition protection,” UOHS chairman Josef Bednar told CTK. He added Ceska posta is a near-monopoly provider of direct mail, and that competition should secure prices and quality acceptable for consumers. “Customers thus will not pay more than necessary for this service,” Bednar said.

Read More

Deltec fined GBP17,000 for delivering mail services without a licence

Posted by | Nov 15, 2004 | |

A company that collected and delivered mail without a licence, and its managing director, were fined a total of GBP17,000, plus GBP60,000 costs at Bow Street Magistrates Court, London, last week, Postcomm revealed today. In the first prosecution of its type brought by Postcomm, Deltec International Courier Ltd was convicted on all 11 counts on which it was charged under section 6 of the Postal Services Act 2000 for conveying letters without a licence. Barry Ellis, the managing director, was convicted on 11 counts under section 120 of the Act for conniving in, consenting to or being neglectful of the offences by the company. Nigel Stapleton, chairman of Postcomm, said: “Prosecution isn’t an activity we take lightly. In this case Deltec was made aware on a number of occasions that it required a licence and chose to act outside the law. Protecting mail integrity through licensing is a vital safeguard for customers as we open up the market. All legitimate operators must have licences, and we will take firm action against anybody who deliberately operates without one.”

Read More

Progress report: Palletways – The Enterprise network

Posted by | Nov 14, 2004 | |

PALLETWAYS had transformed its niche market when the Enterprise Network last visited two years ago, writes Jayesh Ghaghda. The company uses a network of regional hauliers to transport consignments of palletised goods -anything from canned beer to garden furniture.

The truckers deposit their loads at Palletways’ hub in Lichfield, West Midlands, and then other members of the network deliver them. The company makes its money by charging a handling fee for each pallet that passes through the network.

The challenge

Having just completed a management buyout, managing director Julian Maturi wanted to increase sales from Pounds 40m to Pounds 100m in three years by expanding the service.

He had developed a system of co-operation between hauliers to ensure smooth operations and even though the challenge of getting them to co-operate in a foreign country was daunting, Palletways Italia was quickly launched with 37 members. The plan was to roll out the operation to other parts of Europe as well as expanding in the UK.

Read More

Privatized Thai Post Office to make profits ‘within 3-5 years’

Posted by | Nov 14, 2004 | |

The head of Thailand’s newly privatized Post Office Company today expressed confidence that the company would begin making profits within the next 3-5 years. Speaking this afternoon at a signing ceremony with TT&T for a leasing agreement for online postal services, Mr. Dhiraphongs Suddhinond conceded that in the past the state-run company had faced annual losses of Bt1.3-1.5 million.
However, the company had been working hard to boost its range of services, and in the future the percentage of its revenue from mail services was likely to drop from 70-80 percent to 60 percent, as revenue from new services increased, he said.

Read More

UK Royal Mail on course for GBP400m profit target

Posted by | Nov 14, 2004 | |

Royal Mail will this week announce that it is on course to reach its profit target of GBP400m for the current financial year, having generated profits of about GBP200m in the six months ending September 30. Last year, Royal Mail made an operating profit of GBP220m, compared with a GBP197m loss in the 2002-03 financial year. The turnround has been achieved through cost-cutting, including 30,000 redundancies, as well as a rise in the price of stamps. If the GBP400m profit figure is reached for the 12 months ending March 31 2005, the state-owned company has promised to pay out GBP200m in bonuses to its employees.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

Subscribe to MER

 

News Archive

Pin It on Pinterest