Germany’s Deutsche Post World Net said on Wednesday that its profit rose by nearly 50% in 2000 as the former postal monopoly went on a buying spree to push into foreign markets and expand beyond delivering mail. Net profit jumped 48% to 1.5 billion ($1.3 billion) from $895 million the previous year. Sales advanced 46% to $29.2 billion from $20 billion.
Read More46% revenue increase brings DPWN to Euro 32.7 billion
Profit leaps to Euro 2.38 billion
Strong rise in revenue generated outside Germany
Number One e-business service provider
October 99 -Deutsche Post has bought 1.25 percent in stake in E-Stamp Corp.A San Mateo, Calif.-based a company that lets you buy U.S. postage stamps over the Internet and print them on a computer printer.
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