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Thailand Post turns a profit after breaking government ties.

Bangkok Post (Bangkok, Thailand)

| July 05, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Komsan Tortermvasana

Jul. 5--Thailand Post has put in a good performance since breaking away from the Communications Authority of Thailand, posting a profit of 472 million baht for the months of March and April.

Last year, the operation recorded a loss of 3.64 billion baht.

Anusra Jitmitraparp, Thailand Post's executive vice-president, said the strong performance in March and April had enabled the company to move forward with its target to be self-sufficient by 2006, two years ahead of schedule.

Under its plan to become self-sufficient, she said Thailand Post would cut unnecessary expenditures and increase revenues from its original ...

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Source: HighBeam Research, Thailand Post turns a profit after breaking government ties.

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