Net profits at Deutsche Post grew 3.7 percent year-on-year to 641 million euros ($744 million).
Operating, or underlying profit added 10.5 percent to reach 834 million euros, while revenues grew 5.6 percent, to 14.6 billion.
Growth across the group's divisions was down to "strategic focus on rapidly expanding sectors such as international e-commerce" where its DHL division competes with the likes of Fedex and UPS, chief executive Frank Appel said in a statement.
Deutsche Post said growing parcel business in home market Germany and a savings drive helped boost profits at its post, ecommerce and parcel division even as it invested in its network.
Revenue at its European parcel business added 62.9 percent as results from British firm UK Mail, acquired in December 2016, were included, bringing the number of countries Deutsche Post serves across the continent to 26.
Meanwhile, profits also grew at the group's express, freight and supply chain divisions.
Looking ahead to the full year, Deutsche Post forecasts operating profit of around 3.75 billion, around 7.0 percent higher than 2016's figure.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
SAMRA 2 days
