Deutsche Post second quarter profit drops on post, parcel woes

FILE PHOTO: A Deutche Post sign stands in front of the Bonn Post Tower, the headquarters of German postal and logistics group Deutsche Post DHL, in Bonn, Germany March 11, 2015. REUTERS/Wolfgang Rattay/File Photo - Copyright Wolfgang Rattay(Reuters)

By Reuters

Published on 07/08/2018 - 08:04•Updated 23/04/2024 - 20:14

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BERLIN (Reuters) - Deutsche Post DHL Group <DPWGn.DE> reported slightly lower than expected operating profit for the second quarter, with earnings at its troubled post and parcel division weighing.

Earnings before interest and tax fell to 747 million euros (666.98 million pounds) in the three months through June from 841 million one year ago, compared with a forecast for 762 million in a Reuters poll.

Profit at the post, eCommerce, parcel division more than halved to 108 million euros from 260 million one year ago, mainly due to higher transport and staff costs.

(Reporting by Victoria Bryan; Editing by Maria Sheahan)

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