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MaltaPost raises postal tariffs yet again
Postal rates increase yet again despite a 2012 profit before tax of €2.06 million.
29 March 2013, 12:00am
Staff Reporter
Staff Reporter
2 min read
MaltaPost has raised its tariffs once again.
Despite registering a €2.06 million profit before tax by September 2012, MaltaPost has once again increased the domestic letter mail tariffs. The decision follows another tariff spike last November.
Effective 1 April, MaltaPost has announced the following rates:
- For letters weighing up to 50 grams, the new postage rate will be €0.26.
- For letters weighing above 50 grams and up to 100 grams, the new postage rate will be €0.32
- For letters weighing above 100 grams and up to 2Kg, the new postage rate will be of €0.32 with an additional €0.20 for every 50 grams.
In November, domestic registered mail was increased to 90c, up from 49c while domestic bulk letter mail was raised by 5c for letters weighing less then 50 grams, 4c for letters weighing between 50 grams and 100 grams and 11c for letters up to 2kg.
The MCA, however, has so far not published a decision approving the new tariffs requested by MaltaPost. However, a price control mechanism was established last November which seeks to ensure that postal tariffs are fair and in line with market realities
Formerly government-owned before the liberalisation of the postal department, MaltaPost is now a fully privatized company owned by Lombard Bank.
In MaltaPost's annual report, Chairman Joseph Said hailed the company's "satisfactory set of results" but said that the profit before tax for the financial year amounting to €2.06 million, when compared to the €3.05 million of the previous year, resulted in a decrease of earnings per share.
On 4 March, the Malta Communications Authority granted a new licence to MaltaPost.The new licence replaces the current licence that MaltaPost plc has as provided for in the Schedule to the MaltaPost Plc Licence (Modification) Regulations. The latter licence expires on 30 April. The new licence issued to MaltaPost Plc comes into effect as of 1 May 2013 and authorises MaltaPost Plc to provide all postal services within the scope of the universal service as well as outside the scope of the Universal Service.
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Din Mhux skuza li kien ser jgholli t-tariffi tal-pn. Issa min jikkmanda kullhadd tal-pl allura ma hemmx skuza. jekk ser jghollew din hi nuqqas ta rispett lejn min ivvota ghal bidla.
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The Malta Communication Authority was appointed to protect the citizens from just such price hikes. They have failed dismally. Have the heads of MCA been asked to resign - for this smells of very cheap political manoeuvring on their part to blame the present PL Movement in Government. Such GONZIPN diehards would do all they can to discredit the Government and cause hardship on the people. This is effectively a price hike of 30% - the PN before the election denied that there was inflation so why the hikes.
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HA! All worked out before the elections, with the connivance of the Malta Communications Authority. These regulators are so fast when they want do, aren't they? Now Malta knows who commands at Lombard, therefore at MaltaPost and the cross connections with any other national power brokers. The new MCA Board should thoroughly investigate these increases, and not be meek when agreeing to them, and the far more beneficial operating conditions, to Malta Post's shareholders. Do these want to recoup the losses they suffered in Cyprus from the captive Maltese citizen?
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'The MCA, however, has so far not published a decision approving the new tariffs requested by MaltaPost.' As far as I know these new rates were approved months ago but for some reason ! were postponed to after the elections.
Was this meant to be a political ploy???
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http://www.independent.com.mt/mobile/2013-02-20/news/maltappost-to-revise-local-mail-tariffs-from-april-923009024/
These increases were already in the pipeline as can be seen from the above link. This is all the result of the privatisation of a previous government dept which ran smoothly.
