July 24, 2019 / 11:14 AM / 25 days ago

UPS profit rises 13.5% powered by investments in its delivery system

July 24 (Reuters) - United Parcel Service Inc reported a 13.5% rise in profit on Wednesday, benefiting from investments in its delivery system.

Net income for the second quarter ended June 30 was $1.69 billion, or $1.94 per share, compared with $1.49 billion, or $1.71 per share, a year earlier.

Revenue rose 3.4% to $18.05 billion. (Reporting by Lisa Baertlein in Los Angeles and Rachit Vats in Bengaluru; Editing by Shinjini Ganguli)

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