Romanian Post targets 20m-euro profit

The Romanian National Post (CNPR) the main provider of postal services on the Romanian market, estimates it will post profit worth 20 million euros this year, an 81% increase against the profit in 2005. “In the first half we posted a profit worth 12 million euros and are now estimating that we will reach a 20 million euro profit for the whole year. The increase in profit is largely due to both a 20-30% increase in turnover, and to the introduction of products with a higher added value,” said Dan Matei Toader, general manager of the CNPR. Toader thinks that the CNPR will see a turnover of around 900 million RON (254 million euros) in 2006, a 26% increase against the 714 million RON (197 million euros) registered in 2005. “The main factors behind the growth in turnover include financial services (collection of payments on utility bills, payments of instalments to banks etc.), which have increased over 100% annually, coupled with the optimisation of costs through outsourcing, such as the outsourcing of cleaning services,” explained Toader.