Italy post 2012 operating profit decline

Latest statistics show that, despite the financial and insurance business development momentum is strong, but affected by the decline in the volume of mail and the economic downturn, Italy post 2012 operating profit decline.
Due to the positive performance of insurance and financial services, Italy post total income (including insurance premium income) growth from 2011 21700000000 euros to 24000000000 euros in 2012. But the business profits have declined from 1640000000 in 2011 to 1400000000, a decline of 15%, however, one of the Italy post is still the world's most profitable postal company.
Italy Post says, overall revenue growth and mixed income is largely the result of the development of insurance and financial services, operating profit decline "reflect that growth is not enough to offset the negative effects of postal business revenues on business performance." Italy post also stressed, in addition, as the universal service provider, need to pay a huge cost, but the cost of these "because the government has always been only a part of subsidies, therefore still seriously affect the performance of the company.
But because of changes in tax laws, the company net profit rose from 846000000 the year before the euro in 2012 to 10 million euro, namely temporary income is 278000000 euros. The postal bank to encircle the capital contribution to net profit was 343000000 euros.
Postal core business revenue fell 9.8%, to 4600000000 euros, but did not disclose details of the postal business income. Italy Post said, based on the application of various means of communication to the Internet more and more widely, and the postal revenue decline is a reflection of the traditional mail volume structural decline, and the decline in customer mail volume.
Because the individual customer accounts and postal savings deposits increased significantly in two forms, 5.5% growth in financial revenue, up to 5300000000 euros. Circulation use Postepay card number of nearly 10000000, the establishment of the Italy postal leading solutions market in payment.
Despite the overall decline of Italy insurance market, insurance premium income fell to the level of 2006, but the insurance business Poste Vita performance is strong. Italy post 2012 premium income rose 10.5%, to 10500000000 euros.
Profit 2012 operating mobile virtual network operator PosteMobile Italy post created at Euro 28000000, slightly higher than the 26000000 euros in 2011. In the future, PosteMobile will continue to launch innovative integration of the business, increase traffic and enhance the use value added business.
MYEX min Asia International Express
2013-04-25