Saturday, October 25, 2014   

Deutsche Post profit up first-quarter
(05-15 17:03)

Deutsche Post, the German mail and logistics giant, posted a slight improvement in its first-quarter results on Thursday driven by its parcels division and business abroad.
Net profit rose 0.8 percent in the January to March period compared to a year earlier, to reach 502 million euros, in line with expectations of analysts polled by Dow Jones Newswires.
Group EBIT -- or underlying profit -- jumped 2.3 percent to 726 million euros, while revenues rose 1.2 percent to 13.6 billion euros, the group said.
Chief executive Frank Appel said that despite negative exchange-rate effects and a sluggish global economy, the group had performed well in the first quarter.
"We got off to a good start in 2014, in line with our expectations and market circumstances,'' he said in a statement.
The growth in online shopping in Germany helped push Deutsche Post's business in the transportation of parcels, while its DHL express services saw strong growth in the Asia Pacific region as well as Middle East and Africa.
Looking ahead to the full year, the group said it forecast EBIT to rise to between 2.9 billion and 3.1 billion euros in 2014 despite the only slowly improving global economic climate. --AFP
   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.