News / Oil and gas market drills into Panalpina profit but logistics and other sectors grow

21/04/2016

The dwindling oil and gas market contributed to an 11% fall in Panalpina profits in the first quarter of the year, to Sfr17.3 ($17.8m). Net forwarding revenue fell 13% to Sfr1.3bn.

But the forwarder said that despite the fall-off in oil and gas projects, it had seen positive development ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber