Lena Sauer Cologne - Tuesday 22 April 2008
SWISS-based Panalpina’s shares fell 9.5% yesterday to SFr118.50 after the market reacted to the global logistics giant’s announcement on Friday of a 40% fall in consolidated first-quarter net earnings, due mainly to its troubled Nigerian business, writes Lena Sauer in Cologne.
Panalpina cut back its operations in Nigeria last September...
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