TNT’s profits rise in Q2

Australia, China and India units do well despite fall in international volumes

Asia Pacific Australia China Europe India second quarter profit TNT Express trading conditions

TNT Express saw a jump in second quarter net profit: Net profit was $49.13 million in the second quarter of 2012, compared to $4.91 million a year earlier. Revenue increased 1.7 per cent to $2.25 billion from $2.21 billion. Similarly, operating income for the quarter increased 67.4 per cent to $94.58 million, from $56.5 million.

The profits were due to the better performance of TNT’s businesses outside Europe like Australia, China domestic (Hoau) and India. However, the express major pointed out that trading conditions in Europe and Asia Pacific intercontinental were becoming increasingly challenging.