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MAY 12, 2003 (newstodate): Panalpina reports "very good results" in 2002 financial year.
Panalpina posted a consolidated net income of CHF 112.7 million for 2002, 0.9 percent above last year despite a challenging economic environment.
However, there was a slight drop in net revenues by 3.8% to CHF 5,179 million, while gross profit was 2.9% lower and EBIT 5.2% lower than in the previous year, at CHF 1,243 million and CHF 144.9 million respectively.
Panlapina's seafreight volumes leapt 16 percent to 640,000 TEU, while the volume of airfreight increased by around 5 percent.
Panalpina posted a consolidated net income of CHF 112.7 million for 2002, 0.9 percent above last year despite a challenging economic environment.
However, there was a slight drop in net revenues by 3.8% to CHF 5,179 million, while gross profit was 2.9% lower and EBIT 5.2% lower than in the previous year, at CHF 1,243 million and CHF 144.9 million respectively.
Panlapina's seafreight volumes leapt 16 percent to 640,000 TEU, while the volume of airfreight increased by around 5 percent.