Thursday, July 30, 2015   

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:
(Greece crisis) Tsipras challenges party dissenters to back reforms (07-29 20:08)
Fed may not signal exact rates move timing (07-29 19:54)
Avic unit dumps exec over stock trades amid market turmoil (07-29 19:15)
Nintendo reports profitable quarter (07-29 18:32)
Hermès investigates cruelty at Texas gator farm (07-29 18:11)
Volkswagen says Bentley sales fell, sold 109,000 Porsches in first half (07-29 17:04)
Insider Taylor succeeds Lafley at P&G (07-29 16:27)
Hang Seng rides Shanghai rebound (07-29 16:23)
China stocks bounce (07-29 16:01)
Panasonic sales weak, but income grows (07-29 15:57)

More breaking news >>

© 2015 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 2015, 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.