Lithuania post profit fell 37%

The Lithuania Post said recently, the company in 2011 net profit of 736000 Litas, 2012 dropped to 484000 litas. After four consecutive years of losses, although profit dropped by 37%, but the Lithuania post is for two consecutive years to achieve profitability.
The Lithuania Post said, through the positive sales operation and marketing efforts, in 2012 the company sales growth of 4.2%, reaching 190000000 litas. Company in 2011 pre-tax profit fell by 14.2%, to 8100000 litas.
Lithuania post CEO Lina Minderien said, despite the financial performance than the previous year, but significant growth in investment shows the company's prospects remain optimistic. In 2012 the company a total investment of nearly 20000000 litas.
In 2012, the company universal postal service business of the total revenue accounted for 51.2%, year-on-year growth of 8%, reaching 97800000 litas. While the express business income compared with 2011 growth of 10.2%.
MYEX min Asia International Express
2013-05-10