DHL delivers rise in profits
THE repositioning strategy at the Irish arm of international distribution giant DHL has led to the turnaround from loss in 2010 to profit in 2012.
That is according to directors of DHL Express (Ireland) Ltd (DHLIL) who were commenting in their directors' report which shows s 23pc increase in pre-tax profits last year to €1.77m.
Revenues at the firm increased from €75.1m to €78.3m.
The turnaround in the firm's fortunes followed DHLIL restructuring its business here in 2010 to scale back its domestic delivery service that included the closure of five DHL service centres and the loss of 300 jobs.
According to the directors' report: "DHLIL continues on a successful path that was initiated in 2010 with the strategy to scale back domestic services and to reposition its focus to air and road express business."
The directors state that the 4pc increase in revenues "is mainly driven by the significant improvement in core international revenue and relentless focus on service quality".
The accounts business confirms DHL Ireland's financial good health with an operating profit of €2m "benefiting from revenue growth, but also from stringent cost management".
DHL is owned by Deutsche Post.