Brazil post profits grew 18%

Recently, Brazil postal service (Correios) said that, despite the global economic outlook remains unclear, but the company profits grew 18.3%.
The state-owned postal operators net profit from 2011 188000000 Brazil Lille (about $440000000) to Brazil in 2012 1044000000 (about $520000000) in Lille. Although the company's investment increased significantly, up to 1100000000 Brazil Lille (about $548000000), but the profits also increased.
Brazil post in 2012 revenue 16500000000 Brazil Lille (about $8200000000), up 13% over the previous year, of which sales revenue grew 5.8%, amounted to 14500000000 Brazil Lille (about $7200000000).
One of the highlights of performance is the company's postal savings bank, in collaboration with Banco do Brasil. Cooperation for the first year opened 110 new accounts, the 100000000 transactions, business brings in 225000000 Brazil Lille (about $112000000) income.
Brazil postal business costs an annual increase of 13%, up to 15700000000 Brazil Lille (about $7800000000), one of the biggest factors cost is labor costs in the 8700000000 Brazil Lille (about $4300000000), the company hired 6000 new employees, the number of employees in more than 118000.
The Brazil post is expected in 2013, its revenue will grow at least 3%, ultra 17000000000 Brazil Lille (about $8400000000).
MYEX min Asia International Express
2013-05-21