EU accession boosts TNT's profitability

Courier service provider TNT Romania, one of the leading players on the domestic market, saw a 37% profit increase against the same time in 2006. Company representatives did not, however, specify the value of the profit registered in the first five months of the year. “This increase is due to us taking advantage of a potential generated on the one hand by the rise in post-accession trade, and by the increase in the number of transactions conducted between companies present on the Romanian market on the other, as a result of an investment programme we have been preparing over the last few years,” said Bogdan Zafiu, sales&marketing manager of TNT Romania. Therefore, if the company’s growth rate is maintained until the end of the year, the company could reach a net profit of around 3.5 million euros, according to ZF estimates, with a turnover standing at almost 35 million euros.