Feb 13 โ€ข 06:58 UTC ๐Ÿ‡ซ๐Ÿ‡ฎ Finland Yle Uutiset

Posti improved its profitability in the last part of the year

Posti reported improved profitability in the last quarter of the year, despite a decline in revenue.

Posti, which went public last October, has announced a notable improvement in its profitability towards the end of the year, achieving a corrected operating profit of 30 million euros, compared to 22 million euros in the previous year. This positive adjustment comes amidst a backdrop of decreasing revenue, which fell by 3.3 percent to 390 million euros in the last quarter and a total decline of 4.8 percent for the entire year, bringing revenue down to approximately 1.45 billion euros.

The board of Posti has proposed a dividend of 0.84 euros per share, which would be distributed in two separate payments. This move indicates the company's willingness to reward shareholders despite the challenges posed by the dip in revenue. It reflects a strategic focus on enhancing profitability measures while navigating through a tougher financial environment.

Overall, the financial performance of Posti showcases a mixed bag of results, highlighting an ability to control costs and improve profitability, even as market conditions lead to reduced revenue streams. Stakeholders will likely be closely watching how the company plans to address these revenue challenges moving forward, along with the implications of their proposed dividend on investor confidence.

๐Ÿ“ก Similar Coverage