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Article: Danish DSV net profit melts to DKK99m 9-mo '09.(Financial report)
- Article from:
- Nordic Business Report
- Article date:
- October 30, 2009
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NORDIC BUSINESS REPORT-30 October 2009-Danish DSV net profit melts to DKK99m 9-mo '09(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
30 October 2009 - Danish transport and logistics services group DSV A/S (CPH: DSV) saw its net profit melt to DKK99m in the first nine months of 2009 from DKK1.289bn a year earlier.
For the full 2009, DSV expects a net profit of DKK300m, down from the company's previous estimate of DKK400m, due to a higher-than-estimated effective tax rate.
In January to September 2009, revenue increased to DKK26.941bn from DKK26.117bn a year earlier. Organic growth was negative at 21%. The company's outlook for the full year is ...