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Deutsche Post Is Looking For More Cost Cuts In German Post & Parcel Division

Tuesday, 6 Aug 2019

Aug 6 (Reuters) - Deutsche Post AG in earnings call::CFO: LOOKING FOR ADDITIONAL COST CUTS IN GERMAN POST & PARCEL DIVISION.EXPECTS TO BE ABLE TO COVER ANY EXTRA RESTRUCTURING COSTS IN H2 WITH PENSION REVALUATION EFFECT.

OT Logistics To Merge With Its Unit Rentrans International Spedition

Monday, 17 Jun 2019

June 17 (Reuters) - OT Logistics SA ::SAYS RESOLVES TO MERGE WITH ITS UNIT RENTRANS INTERNATIONAL SPEDITION.SAYS MERGER IS NEXT STAGE IN STRATEGY ASSUMING CONSOLIDATION OF COMPANIES COMPRISING OT LOGISTICS GROUP.

Medview Airline Posts FY Pretax Loss Of 10.3 Mln Naira

Friday, 5 Apr 2019

April 5 (Reuters) - Med-View Airline PLC ::FY LOSS BEFORE TAX 10.3 MILLION NAIRA VERSUS PROFIT OF 1.5 MILLION NAIRA YEAR AGO.FY REVENUE 9.6 MILLION NAIRA VERSUS 37 MILLION NAIRA YEAR AGO."OPERATING ENVIRONMENT REMAINED HIGHLY VOLATILE CHARACTERISED BY LACK OF INFRASTRUCTURE AND FOREIGN CURRENCY SHORTAGES"."AVIATION SECTOR REMAINED HIGHLY TAXED AND HAS WITNESSED THE ISSUE OF DOUBLE TAXATION ON NUMEROUS ITEMS UNRESOLVED EVEN".GROWTH PROSPECTS IN THE SHORT TERM ARE PROJECTED TO REMAIN SUBDUED.HAS BEEN IN DISCUSSION WITH SOME FINANCIAL INSTITUTIONS TO RAISE CAPITAL TO TURN THE FORTUNE OF THE COMPANY AROUND.

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