India, March 6 -- German logistics company DHL Group (DPSGY.PK) on Thursday reported improved results in its fourth quarter, helped by strong performances in its Global Forwarding, Freight, and eCommerce divisions. The company also raised its share buyback program to 6 billion euros.
Further, the company announced reduction of around 8,000 jobs at Post & Parcel Germany in 2025 as part of its Group cost program "Fit for Growth", which is designed to structurally improve cost base by more than 1 billion euros.
During the three-month period, the company posted consolidated net profit of 1.10 billion euros or 0.93 euro per share, 12.1 percent higher than last year's 979 million euros or 0.81 euro per share.
The company's EBIT in the fourth q...