Spanish transport and distribution company Transportes Azkar bought 60 pct in the regional transport and distribution company Morata Logistica y Transporte in Alicante province, eastern Spain, for an undisclosed sum, Azkar reported to the Spanish stock market regulator CNMV on March 23, 2004.
Morata Logistica had been a representative for Azkar (www.azkar.es) for the province before the acquisition.
Read MoreTransportes 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 MoreSpanish courier industry forecasts a 4.465 bln euro ($5.048 bln) turnover for 2003, up 8.8 pct year-on-year, Spanish consultancy DBK said.
The forecast year-on-year increase in turnover for 2004 stands at 10 pct. Delivery of business parcels will register a 9.5 pct year-on-year rise in turnover in 2003. The turnover from delivery of business parcels is expected to rise by 10.7 pct year-on-year to 2.96 bln euro ($3.346 bln) in 2004. Delivery of industrial parcels will register a 7.7 pct increase in turnover in 2003 and 8.9 pct in 2004.
Read MoreSpanish transport and packaging company Transportes Azkar (Azkar) plans to invest 120 mln euro ($138.43 mln) by 2005 to expand its capacity, it was reported on May 13, 2003.
The project will be presented for approval to the board of directors of the company in July 2003. The plan includes acquisition of land plots and construction of warehousing platforms.
Read MoreSpanish transport and packaging company Transportes Azkar, will co-operate with German transport company Rhenus, under a recently signed agreement between the Azkar’s logistics subsidiary Azkar Logistica and Rhenus, it was reported on April 3, 2003.
Rhenus will introduce operations in Spain and Portugal and Azkar will enter the northern European market under the agreement.
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