UPS quarterly revenue rises 13.4per cent on pandemic-led demand

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UPS quarterly revenue rises 13.4per cent on pandemic-led demand
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United Parcel Service Inc on Thursday reported a 13.4per cent rise in quarterly revenue, as the COVID-19 pandemic led to a surge in residential ...

United Parcel Service Inc on Thursday reported a 13.4per cent rise in quarterly revenue, as the COVID-19 pandemic led to a surge in residential volumes and healthcare shipments.

FILE PHOTO: The company logo for United Parcel Service , is displayed on a screen at the New York Stock Exchange in New York, U.S., October 22, 2019. REUTERS/Brendan McDermidREUTERS: United Parcel Service Inc on Thursday reported a 13.4per cent rise in quarterly revenue, as the COVID-19 pandemic led to a surge in residential volumes and healthcare shipments.

Atlanta-based UPS reported a net income of US$1.77 billion, or US$2.03 per share, in the quarter ended June 30, compared with US$1.69 billion, or US$1.94 per share, a year earlier.Source: Reuters

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