Italian state-owned postal services company Poste Italiane registered a consolidated net profit of EUR90.3mln (USD107.8mln) for 2003, compared to EUR21.6mln (USD25. 7 mln) for 2002, it was reported on May 4, 2004.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at EUR1.175bln (USD1.403bln) for 2003, up 46 pct year-on-year.
Read MoreTNT Logistics announced today that it has been awarded ‘Best 3PL-service
provider in Italy’ by the Global Institute of Logistics, a global forum for the 3rd Party Logistics (3PL) industry. TNT Logistics was the unanimous choice of
the Institute’s Awards Committee, following a detailed research and selection
process into the 7 leading providers of supply chain and 3PL- services in Italy, also performed by the Global Institute of Logistics.
Italian state-owned postal services company Poste Italiane SpA expects to register a profit for 2003, the president of the postal company, Enzo Cardi, announced on April 28, 2004.
Poste Italiane will swing into profit for the first time after two years in the red, Cardi said. The financial results, which will be examined by the board of directors of the company in the week starting May 3, 2004, are expected to confirm the positive trend. Cardi expressed satisfaction with the acquisition of a 35 pct stake in Poste Italiane by Italy’s non-bank credit institution Cassa Depositi e Prestiti SpA (CDP), which took place at the end of 2003.
Read MoreJapanese Financial Services Minister Heizo Takenaka will visit Italy and Britain on a five-day European trip.
In Italy, he will hold talks with Poste Italiane President Enzo Cardi and Minister for Communications Maurizio Gasparri in connection with the plan to privatise Japan Post.
In Britain, he will exchange views on financial-system policies with Bank of England Governor Mervyn King and Financial Services Authority Chairman Callum McCarthy.
Italian Postal Service will launch by the end of June 2004 a pensioners’ debit card, on which the pensions can be debited directly, without having to queue up at post offices, Italy’s Postal Service CEO, Massimo Sarmi, said on April 23, 2004. The service is aimed at those pensioners who do not own a bank account. The card can be used to make purchases in shops and to withdraw cash.
The Postal Service will also launch in the near future a card to access the national health system services, Sarmi added.
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