Deutsche Post DHL profits up 64% on back of strengthening Asia business
APFRANKFURT -- Freight, mail and express delivery company Deutsche Post DHL said Tuesday its net profit rose 64 percent to 533 million euros (US$695 million) in the first quarter because of stronger business in Asia and the last gains from the sale of Postbank to Deutsche Bank.
May 9, 2012, 11:57 am TWN
The profit rise came on the back of a 4.3-percent increase in sales to 13.4 billion euros. Earnings were helped by sharply higher express delivery revenues in the Asia Pacific region.