Poczta Polska beginning to rise to the challenge

Last year revenues of Poczta Polska (PP) amounted to about zł. 5.51 billion, which was an increase of 5.8% in comparison to 2001. Last year the company managed to make a net profit of almost zł. 21 million, which is 23.5% more than a year earlier. "We reduced costs and introduce new services, which yield additional revenues," Leszek Kwiatek, the general director of PP, told a press conference. The firm divided parcels and letters into two sub-categories of "priority" and "economy" ones, which are delivered at different speeds. Moreover, the company introduced postal telegram, service ZUS IV and created a mutual insurance company. "Thanks to the new services, we managed to slow the drop in revenues which we observed for the last five years. In some of our services we even observed an increase in revenues," said Ryszard Pidek, deputy general director. (Rzeczpospolita, June 14-15, p. B2) M.M.