TNT sees 26% drop in first quarter EMEA profit


 

TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit. Financial results for the three months ended 31 March reveal that EMEA operating profit shrunk to €51m (£43m), down from €69m (£58m) in  Q1 2012, following the termination of its acquisition by UPS earlier this year. Turnover also dropped to €1.12bn, down […]