Deutsche Post’s Income Rises in Preliminary Report

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eutsche Post AG’s fourth-quarter profit rose 27%, after the European postal giant reduced expenses with lower health-care and tax costs, Bloomberg reported Wednesday.

The company, the parent of DHL Americas, which is No. 4 on the Transport Topics 100, also extended the target date for its U.S. operations to break even, Bloomberg said.

DHL Americas “will continue its path toward break-even in the coming years,” the company said.

The U.S. operations wrote down about $520 million last year, Deutsche Post said, without commenting on earnings in the region, Bloomberg reported.

Deutsche Post will release its full earnings report on March 14.

Overall net income rose to about $1.06 billion from about $845 million a year earlier, Bloomberg reported.

Sales rose 5.2% to about $14.5 billion from 13.7 billion euros, Bloomberg said.