PostNL Q4 profit beats forecast, increases cost savings

AMSTERDAM Mon Feb 25, 2013 1:50am EST

AMSTERDAM Feb 25 (Reuters) - Dutch postal group PostNL on Monday reported better-than-expected profit for the final quarter of 2012 and said it would seek 400 million euros ($526 million) of savings this year as part of an ongoing reorganisation.

The company said it made a net profit of 155 million euros, compared with a forecast of 82.4 million in a Reuters poll of analysts.

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