Extension of group affected Australia's economy is declining profits

Recently, the Australian parcel, express and logistics company extension sub group (Toll Group) announced, affected by the decline in the Australian economy, 2013 second half earnings. In the months prior to the start of the cost control, the future will continue to increase investment.
Rio has always been in Australia express and parcel delivery market with TNT and Australia Post competition. Money newspaper shows, company revenue of $4500000000, the actual operating profit increased by 1.1% to 259300000 yuan (unless the current account), but net profit fell 10%, to $176000000. Extension of general manager Brian Kruger pointed out, reducing the performance increase is mainly due to the company productivity improvement and cost.
Toll global express company (including express parcel service domestic and Japan included) 2013 second half of the year sales revenue fell 3.2% to $1130000000, operating profit fell 6% to $69000000.
Toll in Australian business revenue increased to $823000000, but profits fell 9.9% to $67500000. The main influencing factors of earnings: reduce the trade environment and road transportation income. At the same time, express business continued investment in network operation, such as the cost of treatment plan of $170000000 in new Sydney in 2014 opened in October 2015, the company also plans to open similar treatment facilities in Melbourne.
Relatively speaking, the new B2C business -- "consumers delivery service" affected by the cooperation with GraysOnline company, continue to remain strong in the 2013 Christmas season. In addition, the development and the access point, the company also invested in the construction of alternative delivery site network online tools, so that small and medium-sized enterprises can be convenient to use cross-border delivery network.
Control of toll priority air express business revenue and profit growth comes mainly from sales growth and cost. Due to intense competition, reduce the number of customer transactions, and to expand the fleet caused the cost growth, the company will surplus capacity of all the inputs to the city on the same day delivery service, therefore express business income of the company is low.
In all business in the international market, the global freight and global logistics two business provides substantial revenues and profits for the company, but at the same time the domestic business has slowed down the development of.
MYEX Minya Express International
2014-03-07