Parcels carrier ANC’s income from franchises fell 85.9% in the year ended 31 March 05 to just £75,000, down from £619,000 the year before. The company reported a 6.3% increase in turnover to 125.8m and pre-tax profit rose 13.3% to £2.6m. It has also made a loss on disposing its In-Boot business which it acquired in 1997.
Read MoreInitial City Link has reported an £11.22m increase in turnover to £119.45 for the year ended 26 Dec 04. Pre-tax profit was £17.01m in 2004, compared with £15.15m the previous year, an increase of 12.3%. Its directors view the future with confidence, the report to Companies House says.
Read MoreThe Dutch Government will most probably not sell its stake in Dutch mail and logistics group TNT NV, and would possibly oppose the intended takeover of the company by a private equity investor, Belgian-Dutch Fortis Bank said on November 9. According to Fortis Bank, the State is not very enthusiastic about the sale of TNT’s mail activities to a financial party. It would rather accept a sale of the express and the logistics operations of TNT to a third party, like United Parcel Service Inc. (UPS). Fortis will set the advice for TNT on buy at a share price for the company of 26 euro (USD30.58). TNT’s share closed 10.8 pct higher at 23 euro (USSD27.06) on November 9.
Read MoreDeutsche Post AG said its third quarter EBIT rose 49 pct to 720 mln eur, from 484 mln a year-earlier, thanks to strong sales at its logistics and financial services units. The EBIT figure was at the high end of analysts forecast which ranged between 560-860 mln eur. Third quarter sales reached 11.028 bln eur, up from 10.648 bln, but below the 11.040-11.881 bln eur range analysts forecast because of weakness in the German mail market. Net profit was 405 mln eur, compared to 169 mln, reaching the high end of 290-408 mln eur range analysts forecast.
Read MoreDeutsche Post World Net increased its profit from operating activities (EBIT) by 19.9 percent to around 2.4 billion euros in the first nine months. Revenue rose slightly by 2.5 percent to 32.5 billion euros compared with the first nine months of the previous year. Consolidated net income grew by 51 percent to around 1.3 billion euros, after 890 million euros in the previous year. Earnings per share increased accordingly from 0.80 to 1.20 euros. Third quarter consolidated net income more than doubled year-on-year, from 169 million to 405 million euros. “We have consistently and successfully continued our global strategy and after completing the acquisition of Exel we will be the leading logistics provider worldwide,” said Chairman of the Board and Chief Executive Officer Klaus Zumwinkel. In the first nine months, the company generated half its revenue outside Germany. Within Germany, the Group also made great progress. “With the acquisition of BHW, Postbank will be the clear number one in retail banking,” said Zumwinkel.
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