Independent journal on economy and transport policy
08:29 GMT+2
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Ups group revenues jumped +21% in the last quarter of 2020
The period was closed with a net loss of -$3.3 billion due to extraordinary charges
February 3, 2021
The performance of the American's financial results is emblematic UPS, which in 2009 had seen a significant deterioration in the economic performance compared to previous annual years and which in 2020 achieved a significant increase in the results culminated in the historical record of quarterly revenues recorded in the last quarter of the year with a turnover of 24.9 billion dollars and an increase of +21.0% compared to the totalled 20.6 billion in the fourth quarter of 2019. More the growth in quarterly operating profit that is amounted to $2.2 billion (+1.6%). The last quarter of 2020 was closed with a net loss of -3.3 billion dollars compared to a net profit of 965 million in the same period of the previous year that is the result of registration of extraordinary expenses of 6.3 billions of dollars largely made up of pension liabilities.
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The performance of the American's financial results is emblematic UPS, which in 2009 had seen a significant deterioration in the economic performance compared to previous annual years and which in 2020 achieved a significant increase in the results culminated in the historical record of quarterly revenues recorded in the last quarter of the year with a turnover of 24.9 billion dollars and an increase of +21.0% compared to the totalled 20.6 billion in the fourth quarter of 2019. More the growth in quarterly operating profit that is amounted to $2.2 billion (+1.6%). The last quarter of 2020 was closed with a net loss of -3.3 billion dollars compared to a net profit of 965 million in the same period of the previous year that is the result of registration of extraordinary expenses of 6.3 billions of dollars largely made up of pension liabilities.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
