The revenue of Russian Post in the first quarter of 2024 increased by 3%, to 52.6 billion rubles. compared to the same period last year*.
Post continues to develop cooperation with key players in the eComm market. Revenue from the EKOM Marketplace service, which is used by distance selling companies, increased by 52% compared to the same period last year.
In the first quarter of 2024, Russian Post made emphasis on the development of digital services that affect the quality of services. Now on the company’s website or application using the “Online Payment Sign” service you can issue and pay for letters within Russia. Revenue from delivery of hybrid mail and EDI increased by RUB 0.5 billion. (23%)**.
The Post Office also began to introduce electronic waybills. This allows you to increase the transparency and speed of cargo transportation and significantly reduce the volume of paperwork. Digitalization of logistics helps to better plan employee time, every minute of which affects the overall delivery time.
Post continues to develop cross-border trade, maintaining stable communications with more than 130 countries around the world.
Net loss at the end of the reporting period amounted to RUB 5.8 billion.* Pressure on the financial result was exerted by non-operating factors, in particular an increase in interest expenses against the backdrop of a significant increase in the key rate in the second half of 2023.
*According to RAS reporting.
**According to management reporting.
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