UPS reverses decline in performance in first half of 2020, annual results reveal


 

UPS rallied last year after seeing a fall in both pre-tax profits and turnover in 2019, according to its latest annual results. In the 12 months to 31 December 2019, the UK arm of the US parcel delivery giant UPS Inc, saw its turnover fall to £1bn (2018: £1.1bn) in the period, with pre-tax profits also falling to £93.4m (2018: £102.2m). However the company’s performance improved in the first half of 2020 after an initial rocky start, according to the […]