Swiss post operating profit remained stable

The latest data show that, although the month to pay higher taxes 9 before 2013, Swiss post is still committed to maintain a stable level of 2013 full year profit.
Stable income due to financial and investment markets and good cost management, the company will adjust the business profit after the Swiss francs 682000000 to 769000000 Swiss francs. But because of the company for the first time by the tax limit, net profit dropped from 645000000 to 517000000 Swiss francs.
The first three quarters of 2013, Swiss post holding a diversified development trend in four areas of business.
In the communication market, its operating income from the same period last year 39000000 Swiss Franc rose to 178000000 Swiss francs. The overall income is relatively stable, amounted to 3500000000 Swiss francs, which mail revenue declined slightly, Swiss post solutions division turnover relatively stable income increase, the post office. Drop message income is mainly due to the international shipping business outsourcing to the joint venture company caused by Asendia, but by the higher domestic service payment and good cost management can make up. The site has the letters were down 2.3%, and no access letter slightly increased volume.
In the logistics market, its operating profit up to 94000000 Swiss francs, compared with 99000000 in 2012 the Swiss Franc fell slightly, this is mainly due to higher domestic service payment. The package volume year-on-year rise, including domestic service (3.7%) and import and export trade (7.6%). Therefore, the logistics market revenue increased slightly, to 1150000000 Swiss francs.
In the public passenger transport market, although the PostBus Swiss Corporation's business income increased, but because of the great pressure of buyers on the price applied, its operating profit fell to 27000000 Swiss francs.
The main contribution is still profit from Swiss postal bank, its operating profit up to 443000000 Swiss francs, in 2012 than the 494000000 Swiss Franc declined slightly, which is mainly caused by higher domestic service payment and lower net interest income.
Swiss Post said, the 2013 financial performance is influenced by three factors: a one-time disposable deferred tax of 943000000 Swiss francs, pension costs 444000000 Swiss francs and stamp sales deposit 105000000 Swiss francs.
Swiss Post said, is expected in 2013 in general will get good profits to the group, although may be slightly lower than the 2012 levels.
MYEX Minya Express International
2013-12-23