Panalpina increases profit in the first half of 2018

Swiss forwarder and logistics service provider Panalpina improved its result in the first half of this year, in which sea freight in Q2 got back on track, says CEO Stefan Karlen.

Panalpina landed CHF 36.1 million in profit during the first half of 2018 against CHF 29 million in the same period last year, shows the company's interim report published Tuesday morning.

Revenue landed at CHF 2.9 billion from CHF 2.6 billion in the second half of 2017.

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