Deutsche Post said Tuesday it would increase its dividend to shareholders after earnings rose sharply in 2004. Deutsche Post said in a statement it would propose raising the dividend to 0.50 euros (0.66 dollars) per share for 2004 from 0.44 euros a year earlier after group net profit rose by 21.3 percent to 1.59 billion euros last year. Full details of 2004 results would be published on March 22.
Read MoreJapanese convenience store chain Ministop Co, an affiliated company of retailing company Aeon, will officially handle the Yu-Pack parcels of Japan Post at its 1,684 outlets around Japan, starting from June 1, 2005, under an agreement signed on March 1, 2005. Currently, Japan Post officially offers the Yu-Pack parcel service through all outlets of convenience store chain Lawson.
Read MoreDutch delivery and logistics group TPG – which also operates TNT in the UK – has delivered the highest net profit in its history, helped by the restructuring of its logistics division and by higher margins in its TNT express business.
TNT, which has a turnover of approximately pounds 750 million in the UK, has a high presence in the West Midlands. The region is home to the company’s UK headquarters in Atherstone as well as the largest UK depot at Network Park in Saltley, Birmingham.
Deutsche Post World Net posted a 7.9 percent sales increase to about 43.17 billion euros in 2004 and fully met its earnings targets. At about 3.35 billion euros, Group operating profit (EBITA) was 12.5 percent higher than a year earlier, the upper end of the forecast range. Group net income rose by 21.3 percent to about 1.59 billion euros, or 1.43 euros per share. That compares with 1.18 euros per share in 2003. The Group tax rate was 20 percent in 2004. The company reaffirmed its EBITA-target of at least 3.6 billion euros for 2005.
“Over the past 10 years, the group has been focusing on privatization and internationalization. Our latest results show how far we have come in this process. We want to share the financial rewards of this development with our shareholders,” said Chief Financial Officer Edgar Ernst.
Drawing on an unprecedented region-wide analysis (six markets: UAE, Kuwait, Qatar, KSA, Bahrain and Lebanon), the Deutsche Post World Net (DPWN) subsidiary forecast that the current Euros 218 million (AED 1.1 billion, USD291 million) Middle East express market will grow to Euros 400 million (AED 2 billion, USD533 million) by 2010. DHL currently has nearly 50 per cent of the express market and with its own growth rates exceeding 20 per cent a year is confident of an increasingly impressive slice of the cake. The express sector, predominantly the fast-moving documents and parcels end of the wider logistics and freight industry, is one of DHL’s core markets. In an exclusive media preview of the figures in Dubai today Phil Couchman, DHL’s Regional Director for the Middle East, said: ‘We are extremely pleased with the results of the research. DHL, the region’s dominant logistics and express operator, today released figures that reveal its Middle East express business could double in the next five years on the back of runaway growth that far outstrips world averages.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
