Net profit of United Parcel Services in the first quarter decreased by 17.4%

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The world's largest express delivery service, United States company United Parcel Service, following the results of the first quarter, reported the decline in net profit due to the costs of business reorganization, as well as due to bad weather conditions in the United States. The figure for the first quarter of last year fell by 17.4% to 1 billion 111 million dollars. Calculated per share, the profit amounted to 1 dollar 28 cents, not reaching the experts' forecast of 1 dollar 41 cents per share. Revenue for the quarter was at 17 billion 160 million dollars, rising by 0.3% over the year. Economists had predicted a figure of 17 billion 780 million dollars. The parcel delivery service in the United States brought the company $10.480 billion in revenue, which grew by 2.5% over the year. Moreover, its operating profit declined by 12%. International business recorded revenue growth of 1.2% to 3 billion 460 million dollars.

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