Russian Post has reported revenues from operational activities in the first half of 2015 totaling RUB 70.3 billion (€904.2 million), an increase of 6% on the same period last year.
Its net loss was 18 times lower, amounting to RUB 88.2 million, compared to RUB 1.6 billion a year ago.
The postal operator said the loss was due to seasonal factors present in the first half of each year, business activity usually picking up in the second half, allowing positive growth to be achieved for the whole year.
Russian Post explained that the improved financial performance of the company was due to increased efficiency and an increase of 7% in the average monthly output per worker to RUB 37,200.
An additional boost came from a rise in incoming shipment volumes.
In the first half year of 2015, Russian Post handled 49 million international parcels and small packages – 1.5 times more than in the same period last year and almost triple the amount in H1 2013.
Separately, the number of complaints from customers through all channels (written letters, e-mail, social networks, contact centre) decreased by 14% during the second quarter of this year, compared to the first quarter.
"Our primary goal in 2015 is to perform in line with the budget: revenues shouldn’t be less than those of the previous year while net profit should not go into minus territory," said Russian Post CEO, Dmitry Strashnov.
“At the end of 2014, we proved that Russian Post can be efficient and profitable and it is now very important to maintain this result despite the current economic situation," he added.
