TNT reports 'subdued European performance'

Wednesday, May 02, 2012

TNT Express said it had a profit of 18 million euros ($23.6 million) in the first quarter ending March 31, compared to a loss of 106 million euros in the same 2011 period. Revenue in the first quarter 2012 was 1.819 billion euros, compared to 1.796 billion euros in the first quarter of 2011. The company said it "experienced mixed economic conditions in Europe and slowing Asia-Europe trading volumes." TNT said business in Europe, the&nb...

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