COVID-19 response boosts Deutsche Post DHL’s Q2 profit

Frank Appel, CEO of Deutsche Post DHL Group (OTCMKTS: DPSGY), said the German logistics company used its diverse services portfolio to outflank the coronavirus pandemic and significantly increase its second-quarter profit.

The company’s preliminary pretax profit for the quarter increased 16% to 890 million euros ($1 billion), compared to 769 million euros ($868 million) for the same period last year.

“Our fundamental strength and resilience as a group has paid off in recent months,” Appel said in...

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