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Feb. 21 2011 08:28 PM

TNT Express Profit Grows, Mail Retreats

Journal of Commerce--TNT reported Monday its net profit grew 21.5 percent in 2010 to $480 million but Europe’s second largest post and express delivery company saw earnings pull back in the fourth quarter as the company prepares to spin off its profitable and fast growing express unit.

The full-year improvement over 2009 came as revenue grew 8 percent higher to $15.5 billion.

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