Journal of Commerce--Deutsche Post DHL increased first quarter operating profit 23 percent from a year ago to $906 million as strong growth in shipping volume, especially in Asia, sent revenue up 6.9 percent to $18.4 billion.
The DHL unit, including express parcel delivery and ocean and air freight forwarding, contributed $523 million to the group profit, up from $315 million in the same period in 2010.
Net income at the German mail and global logistics group fell to $468 million from $2.45 billion from last year, when options on the sale of the group’s former Postbank unit boosted profit by $2 billion. Read more!
The DHL unit, including express parcel delivery and ocean and air freight forwarding, contributed $523 million to the group profit, up from $315 million in the same period in 2010.
Net income at the German mail and global logistics group fell to $468 million from $2.45 billion from last year, when options on the sale of the group’s former Postbank unit boosted profit by $2 billion. Read more!
