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News / FedEx profits tumble in 'a year of both challenge and change'

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FedEx today reported a weak set of results: fourth-quarter losses of $1.97bn, against a reported profit of $1.13bn a year earlier.

And full-year reported net profits for its 2019 fiscal year fell 88% to $540m. 

Profits tumbled due to a large $3.8bn one-off related to “retirement plans ...

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