UNITED Parcel Service posted a better-than-expected quarterly profit yesterday and forecast nine to 15 per cent growth this year, as solid US demand and growing e-commerce offset an uneven global economy.
UPS said its fourth-quarter profit was down 29 per cent to $725m (£460m) as the result of a change in how the delivery company accounts for its pension expenses.
Factoring that change out, profit would have risen, helped by strong growth in the company’s consumer business, which offset less-robust growth outside the US, analysts said.
