Post&Parcel--Dutch firm TNT Express today (Monday) revealed an 85% drop in net profit during Q2, despite “strong” performance in EMEA.
However, the company blamed higher fuel and wage costs, as well as volatile intercontinental volumes, as net profit slumped from EUR 26m to EUR 4m for the quarter.
Revenue at the newly-formed business rose by 0.9% for the quarter, from EUR 1.78bn to EUR 1.8bn, however, operating income fell from EUR 60m to EUR 46m. Read more!
However, the company blamed higher fuel and wage costs, as well as volatile intercontinental volumes, as net profit slumped from EUR 26m to EUR 4m for the quarter.
Revenue at the newly-formed business rose by 0.9% for the quarter, from EUR 1.78bn to EUR 1.8bn, however, operating income fell from EUR 60m to EUR 46m. Read more!
