Deutsche Post Q3 operating profit growth beats forecasts
FRANKFURT Nov 12 (Reuters) - Deutsche Post reported a better-than-expected quarterly gain in operating profit as higher earnings at its Mail and Express units helped offset negative effects of currencies.
Deutsche Post's third-quarter earnings before interest and tax (EBIT) rose to 646 million euros ($866 million) on a 2.5 percent decline in revenues, with rising demand in domestic e-commerce helping to boost profit at the Mail unit, the group said on Tuesday.
The average estimate in a Reuters poll for EBIT was 636 million euros, up 5.3 percent from the year-earlier, and revenues at 13.797 billion. ($1 = 0.7459 euros) (Reporting by Marilyn Gerlach)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.