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Dutch postal company TNT says profit doubled in the first quarter

Dutch postal company TNT says profit doubled in the first quarter

Dutch postal company TNT NV reported strong first-quarter earnings Thursday, boosted by one-time gains from the sale of its freight operations.
Net profit was euro427 million (US$582 million), more than doubling from euro205 million a year ago, due to a euro195 million (US$266 million) gain from the sale of its freight operations to French logistics service provider Geodis SA.
Sales were up 9.5 percent to euro2.68 billion (US$3.66 billion), due mostly to strong growth at TNT's global express mail operations.


Updated : 2021-05-06 08:55 GMT+08:00