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| August 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

TNT feeling healthy

DUTCH express, mail and logistics operator TNT put in a healthy performance with operating income (ebit) up 10.7% to €342m ($436m) in the second quarter, writes Helen Hill in Amsterdam.

Revenue was up 5.8% to € 2.64bn and there was growth in all its divisions.

TNT said the signing for the logistics sell-off was now expected to take place during the third quarter.

Operating income for the logistics division tumbled 20.6% to € 27m, with TNT blaming the costs related to its sale.

Total revenues were also down because of the already completed sale of the French logistics operations.

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