Romanian Post expects profit for this year to plummet

Newsroom 24/08/2015 | 16:03

The Romanian Post expects to record a gross profit of RON 1.6 million corresponding for this year, which represents a 95.7 percent drop compared to last year.

The company ended 2014 with a net profit of RON 22.8 million (EUR 5 million) after 5 years of losses.

The total revenues stipulated for this year’s budget of the Romanian Post are RON 1.17 billion, down 1.4 percent compared to 2014.

The expenses for this year are estimated to reach RON 1.17 billion, up by 1.7 percent compared to 2014, according to Mediafax newswire.

Thus, for revenues of RON 1,000, the Romanian Post will have expenses of RON 999, representing a 3.1 percent growth comapred to the previous year.

The average salary per employee will increase by 7.8 percent compared to 2014, while salary expenses will inch up by 7.1 percent compared to last ear’s level.

The average number of employees this year will stand at 24,950, which is 290 less than in 2014.

In the first 4 months of the year, the Romanian Post recorded a net profit of RON 18.7 million, after revenues increased by 3.1 percent compared to last year.

The Romanian state via the Ministry for Information Society owns a 75 percent package in the Romanian Post while Fondul Proprietatea has 25 percent of the company shares.