Posta Romana posts ROL200bn profit

Compania Nationala Posta Romana (Romanian Post Office-CNPR) in the first ten months of the year posted operational profit of more than 200 billion lei, higher than in 1999, when this figure stood at 100 billion lei, according to data released yesterday by company management team.

The operational profit rate amounted to 11%, 5% higher as compared to the previous year, according to Corina Barbulescu, head of Economic Analysis Department within Posta Romana.

Company turnover is on the increase, from 1,279 billion lei in 1998 to more than 1,800 billion lei in 1999, while in the first ten months of 2000 it exceeded 2,000 billion lei. The company continuously sought to expand its investments.

Thus, if in 1999 investments exceeded 77 billion lei and were aimed especially at purchasing buildings and improving work conditions for employees, in the first ten months of this year they stood at more than 107 billion lei and were also aimed at expanding company infrastructure, CNPR manager Aurelian Darnu stated.

Taking into account that CNPR operates in some locations belonging to RomTelecom, company management invested more than 42 billion lei in new buildings. It also assigned 9.5 billion lei in upgrading works and 16 billion lei were spent in order to buy new spaces, Darnu said.

The company earmarked more than 35 billion lei for the purchase of fixed assets and equipment. In 2000, CNPR bought more than 200 cars in order to cover all domestic routes and to make sure that all services offered to clients are carried on in the best terms. For these acquisitions, CNPR had to spend more than 25 billion lei.