The Israel Postal Company: 3rd Q revenues amounted to NIS 441 million

The Israel Postal Company reported that in the third quarter of the year, the company's revenues amounted to NIS 441 million, compared to NIS 445 million in the corresponding quarter of last year, a slight decrease of 0.9%, due to a decrease in sales due to a few working days during the holiday of Tishrei. In the first nine months of the year, the company's revenues amounted to NIS 1.353 billion, compared with NIS 1.348 billion in the corresponding period last year, an increase of 0.4%. In the first nine months of the year there was an increase of 34% in revenues from packages and registered mail from abroad, and as a result of the recording of income in respect of the agreement with the Customs Department, which offset a decrease of 9% Of NIS 2 million in the same period last year.
As part of the ongoing growth in ordering packages from abroad, Israel Postal Company has opened dozens of delivery centers in cooperation with small businesses and chains this year, so that E-mail now has a network of over 1,200 delivery points, of which 518 are external delivery centers and 700 are postal units. In the current year, the Postal Company is preparing to receive millions of packages ordered from abroad during the international shopping holidays, while reinforcing the online trade center in Modi'in, which is prepared to receive and deliver over 100 million packages a year.
Hezi Zaig, Chairman of the Board of Directors of Israel Post: "We continue to lead the company's business strategy and its focus on core areas: online trading, banking and financial services and retail, which will allow us to grow in the coming years. Alongside the development of the Company's growth engines, we will continue to streamline efficiency in 2019, following the completion of the Company's recovery plan. In the third quarter of the year, we recruited three senior managers in the fields of trade, innovation and legal affairs to adapt the company for the coming years. In 2019, we will complete the consolidation of all mail and packet sorting operations in the Modi'in Online Trade Center, and the company headquarters will move to the Postal Center, which is currently being built there. "
Danny Goldstein, CEO of Israel Post: "In the third quarter of the year, we prepared for the increase in ordering packages from abroad by continuing to invest in the online trading center, opening additional delivery centers, purchasing equipment and technological equipment that will assist in the sorting and delivery of packages. International purchases in November and December, and are ready to sort and absorb the millions of packages during this period and to quickly transfer them to customers, and by the end of the year we will carry out further streamlining measures, including the continued reduction of manpower according to the recovery plan completed in 2018. , In light of the operational efficiency We intend to build the company in Tel Aviv for sale, and we believe that selling it in the coming months will enable the continued growth and investments in the fields of online trading, postal and retail banking. "