Published on 5/08/2020 11:22:57 AM | Source: Reuters

Deutsche Post reports higher profit than preliminary figure

Posted in Top Stories| #World Market

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BERLIN  - German logistics group Deutsche Post AG reported a bigger rise in second-quarter operating profit on Wednesday than when it originally published preliminary figures last month as it benefits from a big rise in ecommerce during the pandemic.

Deutsche Post DHL, one of the world's biggest post andfreight companies, said operating profit rose 19% to 912 million euros $1.08 billion) on revenue up 3% to 16 billion euros, both ahead of average analyst forecasts.

Deutsche Post last month said it expected quarterly operating profit came in around 890 million euros. On Wednesday, it reiterated the guidance it gave last month for 2020 and its medium-term outlook.

($1 = 0.8465 euros)

(Reporting by Emma Thomasson; Editing by Riham Alkousaa)