Top News

|  Maersk ME1 service calls Pipavav port  |    |  Railways implementing projects worth over INR 40,000 crore in Northeast  |    |  2nd cargo flight from Afghanistan to arrive Delhi tomorrow  |    |  India-Iceland direct air connectivity likely by 2018  |    |  Iron ore export slumps with fall in global prices  |    |  Ethiopian signs up for 2 more B777Fs at Paris  |    |  Qatar airport first half cargo increases 19% to 980,000 tonnes  |    |  AirAsia to start flights to South East Asia from next year  |    |  Myanmar & India to increase Border Trade  |    |  GoAir to start third daily service on Bengaluru-Delhi sector from June 24  |    |  India needs INR 2-3 lakh crore investment for new airports  |    |  Shanghai May volumes increase 14.6% to 3.54 million TEU  |    |  India and Afghanistan open air cargo link over Pakistan  |    |  South Central Railway will run 26 special trains  |    |  Indian shipping minister opens box terminal opens at Ennore  |    |  Ocean Network Express will be sixth largest container carrier  |    |  Mumbai airport unlikely to be part of next bidding under UDAN  |    |  GMR group plans to bid for airport projects in Serbia, Jamaica  |    |  Mahindra Aerospace will soon launch 10-seater aircraft  |    |  High speed train corridor to ensure non-stop Net connectivity  |   
You are here: Home » International News » Supply Chain» UPS quarterly profit off 2.1% to USD 1.7 billion, but sales rise 6.3%

UPS quarterly profit off 2.1% to USD 1.7 billion, but sales rise 6.3%

05 May 2017 | US


United Parcel Service (UPS) posted 2.1% first quarter year-on-year operating profit decline to USD 1.78 billion, drawn on revenues of USD 15.31 billion, which increased 6.3%.

The Atlanta-based company was pleased that it had improved earnings per share by 3.9% versus the same period in 2016.

The company said in statement "The improved per-share result was due to a 22% increase in supply chain and freight segment operating profit, strong underlying performance in the international segment and solid results in the domestic segment, plus the favourable tax impact of adopting the new stock compensation accounting standard.”

"Revenue came in strong this quarter with all segments adding to the topline,” said UPS chairman, president and CEO David Abney.

David Abney said that the company was accelerating investments to create the "industry's leading smart global logistics network.

He said that "UPS customers are benefitting from expanded capacity, choice and improved time-in-transit, while technology solutions continue to deliver efficiencies.”

Transreproter Logo