Tag: La Poste

La Poste Blames Falling Pft On Euro, Rising Energy Costs

Posted by | Mar 30, 2001 | |

March 30, 2001 — La Poste, the French state mail monopoly, said Thursday exceptional costs and higher energy prices caused a significant drop in profits in 2000. La Poste reported net profit of EUR139.2 million in 2000, down 51% from EUR283.6 million in 1999.La Poste chief executive Martin Vial cited costs related to the euro switchover, higher transport and energy prices, and the implementation of the 35-hour working week were behind the declining profitability.

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Portugal state postal firm to sign deal with TNT

Posted by | Mar 23, 2001 | |

Portugal state postal firm to sign deal with TNT
LISBON, March 23 (Reuters) – State postal company CTT-Correios de Portugal has agreed a strategic partnership with the Dutch TNT Post Group NV (NYSE:TP – news) covering courier services and urgent mail, industry sources said on Friday.

Officials at both TNT and CTT declined to comment but the sources said the accord would be signed in Lisbon on Tuesday.

“TNT will become the international strategic partner that CTT was looking for,” said one of the sources.

CTT broke off alliance talks with French state postal company La Poste in February.

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