Final defendant in Polar Air Cargo case pleads guilty before trial begins
The final defendant in the Polar Air Cargo corruption case changed his plea to guilty, ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
Deutsche Post-DHL’s Post-e-Commerce-Parcel (PeP) division has continued to prove problematic for the group. Despite a 3.4% upturn in divisional revenue, PeP’s second-quarter operating profit plunged 58.5%, dragging the group down with it. Not even a 56.7% upturn in profitability for Global Forwarding and growth of 10.2% in Express operations could offset the PeP damage, with group profits dropping 11.2% year on year. Acknowledging the challenges posed by PeP, chief executive Frank Appel said measures were being implemented that would bring about “long-term, profitable growth”.
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