Online shopping buys Deutsche Post more profit

Growth

in online shopping continued to provide a bonanza for German logistics group Deutsche Post in the third quarter, the firm reported yesterday, confirming its forecast for the full year. Net profits at Deutsche Post grew 3.7 per cent year-on-year to €641 million (Dh2.7 billion, $744 million).

Operating, or underlying profit added 10.5 per cent to €834 million, while revenues grew 5.6 per cent, to €14.6 billion. Growth across the group’s divisions was down to “strategic focus on rapidly expanding sectors such as international e-commerce”. (AFP)