20.4 C
April 12, 2021

Romanian Post, net profit of EUR 4.16 M

The Romanian Post National Company’s (CNPR) net profit stood at RON 18.7 M (EUR 4.16 M) in the first four months of the year, against the backdrop of a 3.1 per cent year-on-year rise in revenues, according to company data.

This development consolidates CNPR’s positive trend, bearing in mind that the company closed 2014 with a net profit of RON 22.8 M (EUR 5 M) after five years of losses.

In this context, the company’s financial data for January-April 2015 shows a year-on-year growth of RON 11.7 M in total revenues, to RON 391 M, but also a RON 16.7 M rise in expenditures as a result of the salary hike measure implemented at the end of 2014. Despite this, the fact that expenditures (RON 371 M) were lower than revenues made possible the registering of a gross profit of RON 19.5 M.

“Maintaining constant revenues from classical postal services continues to be a challenge, however the Romanian Post’s entry in the competition for big, strategic projects has turned out to be a profitable decision. Thus, while revenues from mail distribution or the sale of merchandise continue on their downward trend, the closing of contracts with money transfer or health card distribution operators brought significant revenues. In the following period we want to intensify commercial ties with large retail and banking actors and to strengthen our position on the e-commerce and insurance segment,” Romanian Post CEO Alexandru Petrescu pointed out.


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