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Slovenia postal company posts record profit in 2005

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Posta Slovenija, the Slovenian postal company, made a net profit of SIT 3.6bn (EUR 15m) in 2005, which is its best result ever, the general manager of the company said at Thursday's press conference. According to Ales Hauc, the company saw its sales revenues rise 10% to SIT 49.9bn (EUR 208m) in 2005, beating forecasts by 5%. Meanwhile, operating costs rose less than 1% to SIT 45.1bn (EUR 188.2m) in the year, allowing the company to report a record-breaking profit, Hauc said. He added that the strong performance is a result of an increase in the volume of mail carried and improved productivity, as well as higher prices.

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