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Slovak Post profits fall, but less than expected

State-owned Slovak Post announced a net profit of Sk169 million (4.1 million euro) for 2002, Sk56 million (1.4 million euro) less than the previous year. The profit was slightly higher than expectations, according to the country's finance director Jiří Vacek.

Vacek said the better results were due to higher revenues and tighter financial control.

Last year the post office handled 385 million letters and 5 million parcels.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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