about us | newsletter | contact | archive | members area
Elisabeta Moraru, Google Romania
"The Palace of Parliament building can be visited virtually with Street View images"»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

UPS generates 6.2 per cent revenue growth in Q1

UPS announced first-quarter 2017 operating results with revenue growth across all segments. The company improved earnings per share by 3.9 per cent versus the same period in 2016. The improved per-share result was due to a 22 per cent increase in Supply Chain and Freight segment operating profit.

2017-05-03 12:33:57

"Revenue came in strong this quarter with all segments adding to the topline," said David Abney, UPS chairman and CEO. "We are accelerating investments to create the industry's leading smart global logistics network and value-creating portfolio. UPS customers are benefiting from expanded capacity, choice and improved time-in-transit, while technology solutions continue to deliver efficiencies."

For the total company in Q1 2017, total revenue climbed 6.2 per cent and currency-neutral revenue increased 7.5 per cent. Revenue grew in all segments and in all major product categories, as balanced market demand occurred across the company's broad product portfolio.

Total fuel expense increased 187 million USD or 43 per cent over Q1 2016. The fuel surcharge revenue lagged expense, however a February 2017 surcharge change mitigates this variance for future periods.

Capital expenditures to support network enhancements were 938 million USD during the quarter, demonstrating a run-rate at the annualized guidance level.

UPS paid dividends of 774 million USD, an increase of 6.4 per cent per share over the prior year. The company repurchased 4.2 million shares for approximately 450 million USD in line with the company's capital allocation policy.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5148 Views
Daily Info
Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31

Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nom...

OTP Bank Romania to take over Banca Romaneasca from National Bank of Greece

The National Bank of Greece signed an agreement with OTP Bank Romania on the sale of its equity holding of 99.28 per cent in Banca Romaneasca. The transaction involves the sha...

The healthcare system must be a priority, FIC says

Health is now a priority for Romanian authorities and the total spending on healthcare has grown significantly over the last four years (although it is still the lowest propor...

CET Govora reached 30 million RON profit in H1 2017

Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same pe...

E van Wijk agrees new lease at P3 Bucharest park

Pan-European logistics property investor-developer P3 has signed a deal with Logistic E van Wijk, provider of integrated transport and logistics services, to lease 10,180 sqm ...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

New trading symbol for Patria Bank shares on Bucharest Stock Exchange

Patria Bank shares, a credit institution that operates on the Romanian banking sector, are traded under a new symbol on the Bucharest Stock Exchange (BVB) market, following...

Fondul Proprietatea urges President Iohannis not to promulgate the Ports Law

Fondul Proprietatea has sent a letter to President Klaus Iohannis outlining several reasons that constitute, in the Fund's view, a strong basis for the non-promulgation of ...

Romanian ruling coalition plans tax overhaul ahead of key parliament vote

Romania's ruling Social Democrats unveiled plans on Thursday to overhaul taxation from 2018, ditching a flat 16 per cent tax on income and profit that has attracted investm...