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Organic growth offsets contracting oil and gas business
Press Releases • Jul 20, 2016 05:00 GMT
In the first half of 2016, Panalpina demonstrated that it can compensate for contracting oil and gas business with organic growth in other sectors even as air and ocean freight markets declined. Adjusted for an oil and gas related restructuring provision, EBIT remained stable at CHF 60.8 million and consolidated profit increased slightly to CHF 47.9 million for the first six months of the year.
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Half-Year Results 2016 – Consolidated Financial Statements
Documents • Jul 20, 2016 05:00 GMT
Consolidated financial statements