News / TNT insists turnaround is on track as breaks into second quarter profit

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TNT’s new management has insisted the company’s transformation remains on track after reporting interim results this morning which showed improved operating profits on the back of slightly decreased revenues.

The company recorded €1.66bn revenues in the second quarter of this year, compared to €1.76bn in the same period in 2013, a decline of 5.9%. However, recently appointed chief financial officer Maarten de Vries said that much of that was due to the loss of revenues following the sale of the China ...