HayPost revenues from postal services grow 45% in fisrt six months 2008

YEREVAN, July 8. /ARKA/. HayPost Revenues from Postal Services (Mail, Parcels, and International) grew by 45% on a year to year basis, i.e. from AMD 525mln to AMD 760mln in the first 6 months of 2008. This was mainly achieved through new mail contracts with the private business sector. Nearly 4 million addressed mail items were processed in the first six months. This was less than 0.7 million prior to the Trust Management Program.

The quality of mail delivery in Yerevan is at a constant high level of more than 97% of mail delivered within real Day+1. Prior to the Trust Management Program this quality level stood at 14%.

The mail productivity ratio has developed from 0.7 mail items per employee per day in 2005 prior to the Trust Management Program to 12 mail items per employee per day as per 30 June 2008. More than 80% of the mail concerns Yerevan city.

As far as its payment services are concerned, the company has received over 14mln micropayments, which is thrice as much as in the banking system. Revenues from public payments grew by 8% in the reported period.

The company is now providing new services international money transfers which will be available to over 120 post offices by the end of year. HayPost also carried out a pilot sale of insurance packages focused on better public access.

HayPost CJSC is the national postal operator of the Republic of Armenia operating through its 900 post offices and 41 regional departments throughout the country. The company’s staff is 4,000 people. Under an agreement signed on November 30, 2006, HayPost was transferred in trust of the Dutch HayPost Trust Management Company. N.H. --0--