|Bid||9.75 x 0|
|Ask||9.81 x 0|
|Day's Range||9.78 - 9.80|
|52 Week Range||7.63 - 12.06|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||10.55|
|Forward Dividend & Yield||0.59 (6.95%)|
|Ex-Dividend Date||Jun 20, 2022|
|1y Target Est||N/A|
Italy's post office Poste Italiane plans to invest 1.2 billion euros ($1.3 billion) of mostly public money to renovate 7,000 outlets across the country, aiming to help older people in small towns who are struggling to access public services online. Poste said it would tap a fund financed by the Italian state for 800 million euros and add half that amount of its own money to refurbish thousands of post offices, with a particular focus on towns with less than 5,000 people. Under the terms of the plan, the renovated post offices will provide less digitally savvy customers with machines to access online services within branches, with staff assistance.
Net income at Italy's Poste Italiane rose 44% in the second quarter to 469 million euros, mainly thanks to strong growth in the payment and mobile division and cost-cutting in the mail and parcel segment, the company said on Thursday. Poste said it expects to report an operating profit of 2 billion euros in 2022, up from 1.85 billion euros last year.
Italian mail group Poste Italiane launched an energy supply business for its employees, two sources told Reuters on Thursday, a first step before extending the new line to the general public. Poste, now a conglomerate whose services range from digital payments to mobile services, said in May it would enter the energy sector by the end of the year, with an offer based exclusively on renewable sources. Poste Italiane aims to be among the top five energy providers in Italy by 2024, the company said in March.