Ranking on net profit of companies, carrying out postal and courier activities

Information agency Credinform prepared a ranking of Russian enterprises, carrying out postal and courier activities.

The companies with highest volume of revenue were selected for this ranking according to data from the Statistical Register for the latest available period (for the year 2012). These enterprises were ranked by decrease in net profit.

Net profit is undistributed profit (uncovered loss) of the current year, which remains at company's disposal after formation of payroll fund and payment of taxes, contributions, obligatory payments to the budget, overhead organizations and banks. It represents the overall financial result.

Net profit comparison of comparable on turnover companies, working in the same industry, can show, how efficiently does an enterprise operate.

 Picture. Decrease in sum of net profit of the largest on turnover organizations, carrying out postal and courier activities (TOP-10)

Cumulative turnover of the first TOP-10 largest on turnover organizations, carrying out postal and courier activities, following the results of the latest available financial statement for the year 2012, reached 141 244,5 mln RUB, went up by 9,8% in comparison with the year 2011. Industry leaders accumulate 95,2% of sales revenue of companies from the TOP-100 list, by that 86,9% of the turnover of TOP-100 is accounted for by only a single FGUP «POCHTA ROSSII». Current sales revenue growth can be characterized as stably-moderate.

In spite of the appearing of the great number of private courier companies in recent times, the monopoly of the Russian Post has been remaining practically unbreakable since Soviet period. From time to time the question about the reform of the monopolist, which is opened at different government levels, should be gone into with the greatest possible accuracy; privatization, dividing into parts of the enterprise can lead to rapid price appreciation for provided services, and it’s not a fact that to decrease in delivery time of correspondence and cargos, mostly for what they scold our national postal operator. It is necessary to improve the logistics. Because today for a letter sent, for example, from Yakutsk reaches Petropavlovsk-Kamchatsky, it is forwarded to the sort facility located in Moscow. The absurdity of the situation leads to artificial increased time of delivery.

The Russian Post is the leader in the sum of net profit, however, if comparing its net profit and net profit of the second on turnover company of TOP-10, then the result will be clearly against the monopolist. High expenses: amortization, support of basic funds, expenditures for staff and logistics etc. lead to, that by a massive turnover the enterprise shows rather small net profit.

Practically all participants of TOP-10 are registered in Moscow, that’s no wonder –traditionally the transportation flows of the great country lock in the capital and it’s the problem not only of postal companies.

Taken as a whole, according to the independent estimation of solvency of companies, developed by the Agency Credinform, all market leaders, except KurerServisEkspress LLC and KURER-SERVIS LLC, have a high and the highest solvency indexes GLOBAS-i®. It means for investors, that the organizations can pay off their debts in time and fully, while risk of default is minimal or low. With the development of internet trading and online stores the demand for postal and courier services will keep steadily growing, that will lead to increased competition between market players.