PostNL says difficult to pay cash dividend

AMSTERDAM Mon Nov 5, 2012 4:15am EST

AMSTERDAM Nov 5 (Reuters) - PostNL, the Dutch post and package group, said on Monday it will be difficult to pay a cash dividend due to its falling cash position.

Chief financial officer Jan Bos said capital expenditure had been revised for 2012 to around 200 million euros ($257 million) from a previous 240 million. PostNL had planned to pay a dividend using income from the sale of its 30 percent stake in TNT Express.

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