TNT Portugal 2004 Turnover Up 8.0 Pct Y/Y

TNT Portugal, the local unit of Dutch express service provider TNT Post Group, generated a total turnover of 34.5 mln euro ($44.7 mln) in 2004, up 8.0 pct year-on-year, it was reported on May 4, 2005.

TNT Post Group generated a total turnover of 12.6 bln euro ($16.311 bln), up 6.5 pct. The operating profit rose 53.1 pct to 1.1 bln euro ($1.424 bln)

TNT Post Group posted a 667 mln euro ($863.4 mln) profit in 2004, up 122.3 pct compared to the previous year.

[Editor’s note: According to the company’s web site (www.tnt.com), TNT employs some 44,000 and processes on average 3.3 million parcels a week in 200 countries worldwide. TNT has been present in Portugal since 1995. TNT Portugal employs some 240 people and has five depots in the country, namely in Lisbon, Porto and Coimbra in the north, and Faro and Evora in the south.]

(Note: Unless otherwise states, all figures/comparisons are for 2004/2003.)

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Source: Diario Digital