Tag: Deutsche Post

Deutsche Post to keep dividend policy with 25-30 pct net distribution ratio

Posted by | Apr 8, 2002 | |

Deutsche Post AG said it will continue its dividend policy of a distribution ratio of 25-30 pct of consolidated net profit for full year 2002.
“With regard to our policy on dividend payments, we will continue to pay an earnings-based dividend to our shareholders. We are planning a distribution ratio of 25-30 pct of consolidated net profit,” it said in its annual report.
Net profit in 2001 was 1.593 bln eur and today, it announced a dividend payment of 0.37 eur/shr or a total of 412 mln eur payment.

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Stock market watchdog to probe leaks in Deutsche Post fraud case

Posted by | Apr 5, 2002 | |

The German stock market regulator, BAWe, will investigate press leaks of details of a confidential official report revealing tax fraud by Deutsche Post, the Financial Times Deutschland reported Friday.

Shares in the partly privatised postal company plunged after the publication early this year of the leaked excerpts.

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German opposition plans to abolish Post tax privilege

Posted by | Mar 26, 2002 | |

Deutsche Post AG, the German postal operator, is facing more problems with the announcement by the country’s current opposition parties that it plans to overturn the current tax privilege of up to 450m euros which the service enjoys. Additionally, the CDU said that it will demand that DP pays back millions in VAT.

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Deutsche Post Looks for Exclusive Transport Contracts

Posted by | Mar 25, 2002 | |

Deutsche Post AG, the German postal operator, is looking to take over transportation for several large European companies. The company said that it is engaged in valuable talks with four companies at present, but chairman Klaus Zumwinkel refused to name them.

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Deutsche Post must lower postage rate by 0.01 Eur this year

Posted by | Mar 24, 2002 | |

Deutsche Post World Net AG will have to lower its postage rate by 0.01 eur this year, the weekly magazine Der Spiegel reported, in an article to be published tomorrow, without citing sources.
This is much smaller than the 0.06 eur cut called for by Germany’s post and telecommunications regulator RegTP.

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