Posta Romana Posts Gross Profit Of EUR3.8M In 2016

Romania's state-owned postal operator Posta Romana kept a positive trend and registered a gross profit of RON17.2 million (EUR3.8 million) in 2016.

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The company registered total revenue of RON1,135 million and expenses of RON1,117 million and continues its measures for economic-financial consolidation in full convergence with shareholders’ development strategies and policies. Its goal is to increase and diversify services, the company said in a statement.

The capitalization process of Posta Romania by its two shareholders, the Communications Ministry and investment fund Fondul Proprietatea, is expected to be completed by September 2017.

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