Panalpina’s 1st half income up 58%
Swiss forwarding and logistics group Panalpina said today its first half net income rose by 58.2 percent to CHF69.3 million ($56.4 million), from CHF43.8 million a year ago.
Net revenues rose 16.1 percent to CHF4.4 billion ($3.6 billion), compared to CHF3.8 billion in the same period 2005.
“As the Asian markets keep prospering and the European economy has improved since the beginning of the year, Panalpina is confident that business will remain healthy throughout the rest of 2006,” Panalpina said in a statement.