Tag: Spain

Azkar H1 net falls to 8.9 mln eur vs 10.0 as rev grows 14.6 pct vs 10 target

Posted by | Jul 30, 2004 | |

Transportes Azkar SA said net profit declined to 8.98 mln eur in the first half to June 30 from 10.02 mln a year earlier, mainly as a result of lower one-time gains.

In a statement, Azkar said that despite the net decline, revenues grew 14.6 pct to 153.08 mln eur, beating the company’s target for 10 pct growth.

Revenue growth was driven by a nearly 10 pct rise in deliveries to 6.31 mln eur from 5.74 mln a year earlier, it said.

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Spanish postal services team up with Deutsche Bank

Posted by | Jul 26, 2004 | |

The Spanish postal service Correos y Telegrafos signed an exclusive agreement with Deutsche Bank back in 1999, leading to the creation of Correos DB. The two groups now split the profits 50/50. In the last four years the two groups have acquired 145,000 customers and are now expanding their range of products and services, which now includes mortgages and credit cards, as well as pension funds and insurance policies.

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Spanish Logista to acquire Geopost Logistics for EUR12.8mln

Posted by | Jul 22, 2004 | |

Altadis SA affiliate Cia de Distribucion Integral Logista SA said it has reached a preliminary agreement to acquire La Poste Group’s Geopost Logistics Holding (GLH) for 12.8 mln eur.

In a statement, Logista said the acquisition is subject to regulatory approval and the ‘execution of the share purchase agreement’.

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Italian Post Office counter may become self-service

Posted by | Jul 22, 2004 | |

The Italian Post Office has launched a Self Service project to reduce post office queuing time. Most bills are paid at the Post Office, with around EUR800m of transactions per year. They offer Post Office counters little added value, while queuing is often a waste of time for the user.

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