TNT UK reports drop in pre-tax profits


 

TNT UK has posted a drop in pre-tax profits in its latest accounts despite a slight growth in turnover. Now part of FedEx Corporation, the logistics operator reported pre-tax profit was down 6.8% to around £32m in the period ending 31 May 2019 (2018: £34.4m) Turnover was up 0.9% to £670.2m from £664m the previous year. TNT received a welcome boost in July 2019 when it clinched a major three-year deal with the Home Office for the secure delivery of […]