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MAR 31, 2003 (newstodate): Despite the deteriorating economic environment,Kuehne & Nagel reports operational profits of CHF 304 million, exceeding the previous years high level (CHF 263 million) by 15.6 per cent.
The business unit International Forwarding registered a 3.5 per cent increase in turnover with seafreight up by 2.6 per cent and airfreight up by 5.7 per cent. As a result of considerable outlays for customs duties, taxes and freight charges, the turnover in the forwarding industry is only a limited indication of the way business is progressing, K&N says.
The business unit International Forwarding registered a 3.5 per cent increase in turnover with seafreight up by 2.6 per cent and airfreight up by 5.7 per cent. As a result of considerable outlays for customs duties, taxes and freight charges, the turnover in the forwarding industry is only a limited indication of the way business is progressing, K&N says.