Deutsche Post net profit jumps 48 pct in 2000
The German post office, Deutsche Post,
achieved a 48-percent rise in net profit last year to 1.53 billion euros
(1.4
billion dollars), the semi-public company said on Friday.
The German post office, Deutsche Post,
achieved a 48-percent rise in net profit last year to 1.53 billion euros
(1.4
billion dollars), the semi-public company said on Friday.
Deutsche Post, the German postal and logistics group, on Friday reported better-than-expected 2000 earnings, but a close look revealed that gains largely stemmed from one-off effects and first-time consolidations
Read MoreDeutsche Post AG, the German post office, faces legal action from private
delivery companies, who have approached the EU competition authorities,
claiming
that Deutsche Post financed the acquisition of delivery businesses with
income
from activities in which it holds a monopoly.
EU says Deutsche Post abused its dominant market position –EU says
Deutsche Post to separate business parcel services –EU imposes fine of 24
mln euros on Deutsche Post
Deutsche Post AG does not expect the European Commission to impose
any heavy fines on the group in its on-going anti-trust and state
aid probes, said Deutsche Post director Walter Maschke.

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