Adjusted revenues up for DHL

   In the third quarter, Deutsche Post DHL experienced a 3.4-percent jump, year over year, in adjusted revenues during the third quarter due to higher volumes in the German parcel business.
   Operating earnings ended the quarter at 646 million euro, a 7-percent rise compared to the third quarter of 2012, and net profit ticked up to 399 million euro, an increase of nearly 6 percent. 
   The integrator also experienced international express growth and a boost from supply chain revenues in Asia.
   Without an adjustment in revenues, however, DHL saw a 2.5-percent decline in revenues, year over year, to 13.5 billion euro ($18.09 billion); the company said these results were due to exchange rate factors and other issues beyond DHL’s control.
   “With our successful performance in the still volatile environment, we have demonstrated the fundamental strength of our business model once again and are reaping the fruits of the investments we have made in the past,” Frank Appel, the DHL’s chief executive officer, said in a statement. “We have a highly qualified, dedicated workforce, an excellent market position in global growth markets and a unique global network. We will not rest in our efforts to further expand this outstanding competitive position and to bolster the earnings power of the group and its divisions over the long term.”
   DHL Global Forwarding, which ended the period with a 7.6-percent decline in revenues, has opened a 160,000-square-foot hub facility in Tanjung Pelepas, Malaysia, which will be managed by a Global Forwarding unit, International Supply Chain. It is the unit’s fifth regional hub in Asia.