You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Romania’s Sameday Courier sees gross profit triping in 2016

Romania’s Sameday Courier sees gross profit triping in 2016 Sameday Courier Author (Sameday.ro) License: all rights reserved.

BUCHAREST (Romania), February 8 (SeeNews) – Romanian company Sameday Courier [BSE:SDAY] said on Monday it expects a gross profit of 1.6 million lei ($397,600/355,500 euro), over three times higher than in 2015, on a turnover of 11 million lei in 2016, up 28% from the previous year.

"We estimate that Sameday Courier will achieve a profit rate of 14.5% in 2016, while the normalised profit rate for 2015 was 8.2%," general performance manager Lucian Baltaru said.

This year, Sameday Courier plans to extend its delivery platform and to upgrade its software and hardware systems, company said in a press release.

In 2015, the company posted a 8.60 million lei turnover, up 25% from 2014 and a gross profit of 460,000 lei.

"This is a healthy growth, which resting on many pillars. One of them is the overall courier market growth, accompanied by a reshaping of this industry after the disappearance of some players. Our results were above the market average," Lucian Baltaru said.

A year ago, Sameday Courier was the first courier company that listed on the Bucharest Stock Exchange alternative trading system AeRO.

Currently, its market capitalisation stands at 7.6 million lei, as its free-float exceeds 12%.

The company specializes in deliveries on the same day, both at home and abroad, in special conditions.

(1 euro = 4.4763 Romanian lei)

Compare