Posten AB Reports Operating Profit in 2003
The Swedish postal services company Posten AB issued its year-end report for 2003 on March 1st, posting an operating profit of SEK78m, as compared to a loss of SEK703m in 2002.
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Kenya’s postal service needs a major shake-up
Despite more deregulation initiatives in other sectors in Kenya key postal services continue to be provided under the protection of a statutory monopoly by state-owned incumbent Posta Corporation. While significant progress in terms of reform has been made in other telecommunication service sectors, the postal service is still in the old order.
Read MoreNCC calls for privatising Emirates Post
The National Consultative Council (NCC) has reiterated the call for privatisation of Emirates Post.
The issue of door-to-door mail delivery, raised by council members from Abu Dhabi, dominated the session chaired by Speaker Abdullah Mohammed Al Masood.
Read MoreJapanese Koizumi says he has candidates for postal privatisation
Japanese Prime Minister Junichiro Koizumi said he plans to appoint a minister in charge of privatizing the nation’s postal service as soon as this summer and already has several candidates.
Read MoreAzkar FY net rises to 18.5 mln eur from 16.2; treasury stock 3.48 pct
Transportes Azkar SA said net profit rose 14 pct to 18.5 mln eur in the full-year to Dec 31 from 16.2 mln a year earlier on a 10 pct increase in revenue to 280 mln eur from 253 mln.
In a statement, Azkar said EPS rose to 0.38 eur in 2003 from 0.33 in 2002, while EBITDA declined slightly to 39.6 mln eur from 39.9 mln.
Read MoreAUSTRIAN CEP COMPANIES TO BE INVESTIGATED
The Austrian cartel authority is investigating various courier/ express/ parcels companies in Austria. They are accused of illegal price- fixing when the truck toll was introduced.
Read MoreLufthansa Cargo and DHL sign EUR 250 million joint venture
Lufthansa Cargo and Brussels-based DHL signed off on a EUR 250 million (USD 321.5 million) strategic joint venture to grow their existing relationship. The five-year pact includes shared capacity on 4-5 flights a week over five dedicated intercontinental routes beginning March 28.
LH Cargo has started work on a major project to secure further its already well-guarded home hub facilities and create what it terms Security Hub Frankfurt.
Read MoreDHL in the Czech Republic
DHL, multinational courier and logistics firm, generates a turnover of CEK 4 bil per year in the Czech Republic. The firm has 72 branches in the Czech Republic, where its firm DHL International CR (Czech Republic) operates, at the beginning of 2004. The number of the branches will be optimized gradually.
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