BUSINESS

Romanian Post registers net profit of over EUR 4 M

The Romanian Post National Company has registered in the first seven months of the year a net profit of RON 18.3 M (EUR 4.13 M) against the backdrop of significant revenue growth from financial services, package shipment services and “recorded delivery” services, the company informs. Likewise, during the same period the gross profit surpassed by 87 per cent the January-July forecast included in the 2015 budget. The gross profit stood at RON 21.6 M (EUR 4.8 M).
Compared to the same period last year, the biggest revenue growth was registered in the case of financial services (+25 per cent), package shipment and recorded delivery services (+10.7 and +6 per cent respectively). Total revenues stood at RON 655 M (EUR 147 M) in January-July this year, while expenditures totalled RON 633 M (EUR 142 M).
The company plans to invest more than RON 55 M (EUR 12.3 M) this year, a strategy that will continue in 2016 too. The ample projects started this year include the project on optimizing and developing the Romanian Post’s electronic communications network. Likewise, early this year the Romanian Post fitted its entire auto fleet with GPS systems, an essential investment meant to render the distribution activity efficient and to lower transport costs.
Also this year, the Romanian Post will start renovating important building in its portfolio, buildings in which it offers postal services. The list includes the Post Palace in Timisoara, the investment in renovation works there totalling EUR 1.5 M, the Data Centre in Bucharest (EUR 175,000) and the Slatina Post Office (EUR 171,000).
The Romanian Post is owned by the Romanian state, through the Information Society Ministry (75 per cent of the shares), and by the Property Fund (25 per cent). The company has the largest mail distribution network at national level, representing over 80 per cent of all post offices that currently operate in Romania. Over 19 million people benefit from the Romanian Post’s services and over 7.5 million home addresses are covered by the Romanian Post’s network. The company closed 2014 with a net profit of RON 22.8 M (EUR 5 M), after five years of losses.

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