Swiss Post announced today that its consolidated profit in the first quarter of this year increasedby 25% to CHF 281 million (EUR 169.7 million), from CHF 211 million (EUR 127.4 million) during the
same period last year.The group said a favourable economy and the sale of assets worth CHF 48 million (EUR 29million) had helped bring about the positive results, enabling it to increase reserves to CHF 1.88billion (EUR 1.13 billion) at 31 March this year, almost double that a year before.
Operating revenues rose 11.8% on Q1 2006 to CHF 2.285 billion (EUR 1.38 billion), whileoperating margin increased to 12.9% from 10.8%, and compared to 10.4% in 2006 as a whole.
Swiss Post invested CHF 76 million (EUR 45.9 million) building and equipping three newsorting centres from own funds.
The results build on a 5% increase in turnover and 3.2% rise in profits in 2006, which sawthe restructuring group diversify into document management, marketing and e-business and acquiremail solutions and financial companies.
