Lithuanian Post office company has earned 0.7 million litas (0,2 million euro) profit

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Lithuanian Post office company has earned 736 thousand litas (213 thousand euro) net profit in 2011. In 2010  the losses of company amounted 10,2 million litas (2,95 million euro).  Last time Lithuanian post office company has finished year profitable in 2007.

The general director of Lithuanian Post office company Lina Minderiene explained “I am pleased that last year we earned more than we expected. We planned to finish finance 2011 year with 556 thousand litas (161 thousand euro) net profit, but we earned 736 thousand litas (213 thousand euro), that is 32,4 % more. Last year Lithuanian post office company implemented consistent goals – reduced operating costs and increased sales income. These were the main reasons that determined the good financial results”

Last year, the company’s sales income concluded more than 183 million litas (53 million euro). That is 5,2% more than in 2010. Coverage of provided services increased 4,5 % comparing to 2010.