TNT Express reports Q4 operating loss, seeks divestments
AMSTERDAM Feb 18 (Reuters) - Dutch mail delivery group TNT Express, whose takeover by UPS was blocked by European anti-trust regulators, posted on Monday a 71-million-euro operating loss in the fourth quarter, against a loss of 104 million euros the year before.
It said it will update investors on its strategy on March 25, adding it is still looking for opportunities to divest its business in Brazil and that the outcome of its China divestment will be known in the first quarter.
- Malaysia Airlines plane missing at sea off Vietnam, presumed crashed |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Malaysian plane crashed off Vietnam coast: state media
- Fresh confrontations raise tempers on ground in Crimea |