Bpost tracks best day in a year after Q2 beat

Bpost SA

04/08/2023 08:20

** Shares in Belgian postal service bpost  BPOST.BR  rise
about 6% after the group reported Q2 core profit above estimates
    ** The company's adjusted EBIT fell to 68.7 million euros 
($75.21 million), but was above the 60.6 million euros analysts
expected according to a company-compiled consensus
    ** "The strong beat was driven by Belgium on the back of
cost savings and the commercial hunting plan," KBC Securities
says
    ** Uncertainty around bpost remains strong, the broker adds,
as internal probes and a public investigations have been
launched concerning possible irregularities in contracts passed
with the Belgian government
    ** The stock, which touches its highest price in a little
over three months, is on track for its best day since early
August 2022
    
($1 = 0.9134 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))