Romanian Post – EUR 3.8m gross profit in 2016

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Poşta Română, the Romanian National Post Company (CNPR) reported EUR 3.8 million (RON 17.2 million) gross profit, and revenues of RON 1.135 billion in 2016, against a loss of RON 30 million in 2015, given the fine from the Competition Council for anti-competitive activities during 2010-2012, according to the company’s financial results, released on Wednesday.

According to the final results of the financial year for 2016, the Romanian Post registered expenditures of RON 1.117 billion, below the revenues of RON 1.135 billion. In this context, the company’s gross profit stood at RON 17.2 million (EUR 3.8 million) in 2016.

“Let’s not forget that the Romanian Post is still tributary to past debts. We have the fine from the Competition Council, which refers to the management period 2011-2012, as well as debits and accessories from ANAF controls during 2003-2012. The company has paid monthly rates to ANAF, in full compliance with the timetable of paying these fines, while at the same time ensuring a phased development, by prioritizing the investments according to the necessity of implementing the Romanian Post projects,” general manager of the Romanian Post Andrei Stanescu said.

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