Portugal postal quarter revenue grew 0.3%

Among them, a quarter of the mail business fell from about 2.5% to 129000000 euros to 31200000 euros, 3.8% growth in the express and parcel business income, 19.9% to 16200000 euros of financial revenue growth. Cost of sales fell 0.7% to 143400000 euros, rising labor costs accounted for 1% of the total operating costs of the 81.6%. Portugal Post says, second phase transition plan more than expected LAN storage of about 19%, pre tax income increased 5000000 euros.
Benefit packages and financial business, the company net profit potential stability, increased 0.4% to 18900000 euros. Among them, the financial services business potential profit grew 48.2% to 8200000 euros, express and parcel business potential profit increased 4.4% to 1500000 euros. Mail business fell 8.9% to 23400000 euros.
Portugal Post says, mail volumes fell by 9.5%, but the company universal postal service prices increased by 5.3%, and the advertising mail business is affected by the economic situation. Although the company increased costs to the B2C model transformation, but benefit from electronic commerce, the package volume growth of 15.7%.
Portugal postal financial services last year because of the rapid development of the deposit business, this year only one quarter sold 1000000000 euros of savings and insurance products, up more than doubled. The future, companies hope to Portugal's recovery may slow mail business downturn, hope to open the bank in the third quarter, promote the development of financial business.
MYEX Minya Express International
2014-06-04