Russian Post Trading Income Growth Rates Makes 26,4 %
OREANDA-NEWS. November 27, 2007. As said I. Mandrykin, FSUE Russian Post Deputy General Director at the seminar Perspectives of postal services and commercial projects of the enterprise’s branch network began 27th November 2007. Drawing preliminary results of Russian Post’s commercial activities in 2007 he noted that the enterprise implemented the plans seemed very challenging in the former year, reported the press-centre of Russian Post.
I. Mandrykin emphasized that trading income growth rates for 3 quarters of 2007 made up 26,4% representing quite worthy rate. It should be mentioned that mainly postal services provided for growth that shows that the country has mature economy. Thus, the service 1st Class Items fixed volumes over two times increased.
Thus, I. Mandrykin turned the audience attention to the enterprise need to overcome its direct financial dependence of the state tariff rates. We shouldn’t focus on income growth only by means of increased tariffs. It’s necessary to develop new services focusing on their quality and customers’needs, he noted.
Telling of Russian Post’s financial services future I. Mandrykin called for best focusing on small regional partners. Their cooperation with the enterprise prompts stable development.
Pension delivery service is important not only in commercial, but in social sphere. The development perspectives are considered due to the service technology improvement (implementation of electronic document exchange jointly with the Pension Fund of the RF and combined delivery method supposing pension placed to the pensioner’s account in case its non-delivery under different reasons).
Payment collection in favor of third parties, in particular payment collection for communications services was noted as one of the most perspective spheres of development. Presently income growth of the service made up 76,5% for 9 months of the current year. Herewith the market has great opportunities for growth. Moreover, postal banking services are far to reach the potential.
In general, I. Mandrykin pointed out keeping growth rates not less than 25% per year among the prior goals of Russian Post’s commercial activities in 2008. He also told of providing for extra growth rates of non-universal postal and postal-banking services, implementing electronic document exchange, combined delivery of pensions and keeping growth rates of subscription circulations.
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