Poste Italiane SpA announced consolidated earnings results for the six months ended June 30, 2017. Total revenue was EUR 18,029 million compared to EUR 17,682 million a year ago. Operating profit was EUR 847 million compared to EUR 843 million a year ago. Profit before tax was EUR 772 million compared to EUR 858 million a year ago. Profit attributable to owners of the Parent was EUR 510 million compared to EUR 565 million a year ago. Diluted earnings per share were EUR 0.391 compared to EUR 0.432 a year ago. Net cash flow from operating activities was EUR 480 million compared to net cash outflow from operating activities of EUR 292 million a year ago. Property, plant and equipment, investment property and intangible assets were EUR 183 million compared to EUR 151 million a year ago.

For the full year 2017, the company expects a normalized tax rate of around 30%.