Ukrposhta doubles profit in Jan-Sept 2015

13:42, 12.11.2015 1 min read

State postal services enterprise Ukrposhta doubled its profit in January-September 2015 year-over-year, to UAH 30 million, the company said in a press release on Wednesday.

Its total revenue grew by 10.2%, to UAH 3.19 billion.

Ukrposhta said that the growth was thanks to the optimization of logistics processes for mail transportation and the introduction of new services, including parcels from abroad. Despite the rise in the prices of fuel and lubricants, general expenses on their purchase were cut by 12% compared to the target.

"Mileage and expenses on the use of transport are now limited and under control at Ukrposhta," the company said.

Ukrposhta is a national postal operator, according to a cabinet resolution of January 10, 2002. It is managed by the Infrastructure Ministry of Ukraine.