TNT operating income down 45%
Dutch express giant TNT said Monday its second quarter net profit fell 60.5 percent to $115 million, while operating income declined 45 percent to $254 million.
Revenue for the TNT Group also fell 10 percent to $3.6 billion. TNT Chief Executive Officer Peter Bakker said he expected a tough environment the rest of the year, despite some initial signs the global economy is improving.
TNT operating income down 45%
