Year: 2003

OptiMail Interim Report, 1 January – 30 September 2003

Posted by | Oct 14, 2003 | |

– Turnover for the first nine months of 2003 was MSEK 226.7 (176.3)

– OptiMail’s profit after tax for the first nine months of 2003 was MSEK 7.0
(6.6*)

– Earnings per share for the first nine months were SEK 0.53 (0.48*)

– During the third quarter, OptiMail acquired 19% of the Norwegian transportation and logistics company, Traconi AS

– During the third quarter, the company issued a disclosure notice that it has acquired 5% of its own shares by repurchase

* The profit for the first nine months of 2002 is exclusive of capital gains on the sale of CityMail Sweden AB.

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Postal Services Bill could be amended

Posted by | Oct 14, 2003 | |

Controversial draft legislation effectively giving the SA Post Office a monopoly on handling parcels weighing less than one kilogram might be amended by the National Council of Provinces.
The Postal Services Amendment Bill was approved in the National Assembly last month, despite the objections of the official opposition, and is now being considered by the NCOP.

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Deutsche Post wants government to speed up privatisation

Posted by | Oct 14, 2003 | |

Deutsche Post has called on the German government to speed up the privatisation of the postal operator, arguing it would improve its ability to do business, particularly in the US.

Deutsche Post is currently embroiled in a bitter legal battle with its US competitors FedEx and United Parcel Service, who argue that Deutsche Post’s Miami-based carrier Astar Air Cargo violates US laws forbidding foreign control of domestic airlines. They also stress that Deutsche Post’s state ownership further strengthens their case.

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Japan's LDP promises to privatize postal services in 2007

Posted by | Oct 14, 2003 | |

Japanese Prime Minister Junichiro Koizumi said his ruling Liberal Democratic Party’s (LDP) campaign platform for the Nov 9 general election, including a pledge to privatize postal services in 2007.

Koizumi, the LDP president, said the party also promised to privatize money-losing public corporations, reform the social security system and sustain economic growth.

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New look Target comes of age

Posted by | Oct 13, 2003 | |

Target Express saw a 4% improvement in top-line revenues in the year to September and, with margins running atmore than 10%, has increased profits by more than £1m. MD Paul Murray said: We need to keep above 10% and I will be focusing on growing existing accounts rather than chasing market growth.

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