PREUSSAG REPORTS HIGHER LOGISTICS PROFIT

PREUSSAG REPORTS HIGHER LOGISTICS PROFIT    Preussag AG, the conglomerate that owns Hapag-Lloyd, reported a group profit for 2001 of euro 411.3 million ($367 million), up 2.2 percent over 2000, despite an increase in goodwill amortization associated with acquisitions.
   Operating profit rose 8.6 percent to a record euro 811.4 million ($724 million). Revenue rose 2.6 percent to euro 22.41 billion ($20.0 billion).
   The logistics division saw its operating profit jump 39.9 percent to euro 308.4 million ($275 million), while revenue rose 8.4 percent to euro 3.89 billion ($3.47 billion).
   Preussag, whose primary business is tourism, projects that the logistics division's 2002 results 'will not be able to match the outstanding performance of the previous year.'
   The group also said it will be renamed TUI AG.