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Xinjiang Tianshun Supply Chain sees H1 FY 2017 net profit up 20 pct to 70 pct

Tuesday, 25 Apr 2017 01:58am EDT

April 25(Reuters) - Xinjiang Tianshun Supply Chain Co Ltd <002800.SZ>:Sees H1 FY 2017 net profit to increase by 20 percent to 70 percent, or to be 17.6 million yuan to 24.9 million yuan .Says H1 FY 2016 net profit was 14.6 million yuan .Says supply chain business increase is the main reason for the forecast.

UPS appoints Juan Perez as Chief Information and Engineering Officer

Monday, 24 Apr 2017 03:00pm EDT

April 24 (Reuters) - United Parcel Service Inc ::UPS names Juan Perez Chief Information and Engineering Officer.Aligns Critical Technology and Engineering teams in one organization.Forms Advanced Technology Group to develop new solutions for customers and UPS operations.Mark Wallace will continue to lead global engineering and sustainability as a member of company's executive management committee.

CTS International Logistics to dissolve three logistics controlling units

Monday, 17 Apr 2017 11:23pm EDT

April 18 (Reuters) - CTS International Logistics Corp Ltd <603128.SS> ::* Says it will dissolve three logistics controlling units located in Shanghai, Shenzhen and Xiamen respectively .

Xinjiang Tianshun Supply Chain to dissolve two branches and logistics unit

Thursday, 13 Apr 2017 03:01am EDT

Xinjiang Tianshun Supply Chain Co Ltd <002800.SZ> :Says it plans to dissolve its two branches based in Xinjiang and a wholly owned Xinjiang-based logistics unit.

Radiant Logistics acquires Canada-based Lomas Logistics

Monday, 3 Apr 2017 08:00am EDT

Radiant Logistics Inc : Radiant Logistics acquires Canada-Based Lomas Logistics . Radiant logistics - on April 1, acquired Lomas Logistics, division of L.V. Lomas Limited, through its wholly owned subsidiary, wheels international . Radiant Logistics Inc - Lomas Logistics will transition to operate as wheels international .Radiant Logistics Inc - "expect integration to take place quickly over next couple of months".

DX Group says in talks to merge with John Menzies' distribution unit

Friday, 31 Mar 2017 02:00am EDT

DX(Group) Plc : Potential combination of DX And John Menzies' distribution division . They are in discussions regarding potential combination of dx and john menzies' distribution division . Boards of dx and john menzies believe that combination has strong strategic logic for all stakeholders . Based on a preliminary joint assessment, boards of dx and john menzies estimate combination would generate cost synergies in range of £8 million to £12 million per annum . It is currently envisaged that transaction would be effected by dx acquiring menzies distribution for consideration, on a cash and debt free basis . Dx (group) - consideration comprising £60 million in cash and issue of new dx ordinary shares representing 80% of dx's issued share capital as enlarged by transaction . Cash consideration will be satisfied by new borrowings by enlarged group . As part of transaction, it is proposed that approximately 17% of john menzies' defined benefit pension scheme would transfer to enlarged group . Enlarged group would comprise a new chairman and new independent non-executive directors . Dx (group) - greg michael and paul mccourt, currently managing director and finance director, respectively, of menzies distribution, would become group ceo and cfo of dx . Daljit basi, currently finance director of dx, will become an executive director. . Anticipate transaction will be completed during summer of 2017..

DX Group says in talks to merge with John Menzies' distribution unit

Friday, 31 Mar 2017 02:00am EDT

DX(Group) Plc : Potential combination of DX And John Menzies' distribution division . They are in discussions regarding potential combination of dx and john menzies' distribution division . Boards of dx and john menzies believe that combination has strong strategic logic for all stakeholders . Based on a preliminary joint assessment, boards of dx and john menzies estimate combination would generate cost synergies in range of £8 million to £12 million per annum . It is currently envisaged that transaction would be effected by dx acquiring menzies distribution for consideration, on a cash and debt free basis . Dx (group) - consideration comprising £60 million in cash and issue of new dx ordinary shares representing 80% of dx's issued share capital as enlarged by transaction . Cash consideration will be satisfied by new borrowings by enlarged group . As part of transaction, it is proposed that approximately 17% of john menzies' defined benefit pension scheme would transfer to enlarged group . Enlarged group would comprise a new chairman and new independent non-executive directors . Dx (group) - greg michael and paul mccourt, currently managing director and finance director, respectively, of menzies distribution, would become group ceo and cfo of dx . Daljit basi, currently finance director of dx, will become an executive director. . Anticipate transaction will be completed during summer of 2017..

Sinotrans says FY profit attributable RMB1.63 bln vs RMB1.49 bln

Tuesday, 21 Mar 2017 06:39am EDT

Sinotrans Ltd <0598.HK>: Fy revenue from continuing operations RMB46.78 billion versus RMB45.53 billion . Proposed a final dividend of RMB0.075 per ordinary share . Fy profit attributable RMB1.63 billion versus RMB1.49 billion . "reorganization of sinotrans & csc with china merchants is expected contribute new development potentials to company" ."group will continue to negotiate with china merchants and sinotrans & csc regarding further resources integration".

Panalpina FY consolidated profit down to CHF 80.2 mln

Thursday, 2 Mar 2017 01:04am EST

Panalpina Welttransport Holding AG : FY adjusted for restructuring expenses of 28 million Swiss francs ($27.71 million), EBIT reached 109.9 million francs (-6.3 percent) and consolidated profit 80.2 million francs (-9.1 percent) in 2016 .Board of directors will propose an increased (+7 percent) dividend payment of 3.75 francs per share to Annual General Meeting on May 3, 2017.

PostNL FY profit for the period down at 84 million euros

Monday, 27 Feb 2017 01:05am EST

PostNL NV : Q4 2016 revenue at 955 million euros ($1.01 billion) (Q4 2015: 1,007 million euros); . Q4 2016 underlying cash operating income at 110 million euros (Q4 2015: 147 million euros); . Q4 profit for the period of 84 million euros (Q4 2015: 101 million euros) . Q4 parcels volume grew by 9 percent; adjusted volume growth of 13 percent . Q4 parcels revenue 271 million euros versus 275 million euros in Reuters poll . Q4 revenue from mail in the Netherlands 540 million euros versus 527 million euros in Reuters poll . Proposed 2016 dividend of 0.12 euros per share . Expected future business performance justifies progressive dividend going forward . Ambition underlying cash operating income 2020 increased to between 310 million euros - 380 million euros (previously 285 million euros – 355 million euros) . Outlook underlying cash operating income 2017 adjusted to 220 million euros - 260 million euros, . PostNL NV q4 Reuters poll: revenue 986 million euros, underlying cash EBIT 113 million euros, net profit 87.5 million euros .PostNL NV Q4 Reuters poll: mail in Netherlands revenue 527 million euros, parcels revenue 275 million euros.

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