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RSS FeedsIncreased volumes and higher reported profits
(WorldNews Switzerland)

 
 

21 july 2017 13:10:25

 
Increased volumes and higher reported profits
(WorldNews Switzerland)
 


MEDIA RELEASE Basel, July 20, 2017 Increased volumes and higher reported profits The international freight forwarding and logistics company Panalpina recorded robust volume growth in both Air and Ocean Freight in the first half-year of 2017. As higher freight rates and margin pressure persisted in a continuously challenging market environment, Panalpina increased its reported EBIT from 34.7 million (adjusted half-year 2016: CHF 60.8 million) to CHF 42.0 million and the reported consolidated profit from CHF 21.8 million (adjusted HY 2016: 47.9 million) to CHF 29.9 million for January to June 2017. "Thanks to strict cost management we improved EBIT quarter-on-quarter in the first...


 
24 viewsCategory: General > Europe > Switzerland
 
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