Deutsche Post profit curbed by cheaper shipping, currency swings

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Deustche Post DHL yesterday said its first-quarter results were “negatively impacted” by currency fluctuation and customers opting for lower-priced delivery options. First-quarter net income rose 0.8% to €502 million, while total revenue rose 1.2% to €13.57bn. DHL Express’s average daily volumes rose 7.6%, while operating income rose 14.1%. But its global forwarding division saw operating profit fall around 45% to €48m. Reuters has the full story.