Brother Joe
Well-Known Member
UPS Profits Top $4.3 Billion
UPS executives report the company hauled in more than $4.3 billion in profits after taxes in 2011.
UPS’s profits for the Fourth Quarter were $1.25 billion. These figures do not include a $527 million surcharge because of an accounting change in the way UPS tracks its pension expenses.
Including the accounting change, UPS made $725 million in the fourth quarter and $3.8 billion for the year.
UPS predicts that profits will grow 9 to 15 percent this year. That could bring profits this year close to $5 billion
UPS executives report the company hauled in more than $4.3 billion in profits after taxes in 2011.
UPS’s profits for the Fourth Quarter were $1.25 billion. These figures do not include a $527 million surcharge because of an accounting change in the way UPS tracks its pension expenses.
Including the accounting change, UPS made $725 million in the fourth quarter and $3.8 billion for the year.
UPS predicts that profits will grow 9 to 15 percent this year. That could bring profits this year close to $5 billion