(Reuters) – Swiss freight forwarder Kuehne und Nagel International <KNIN.S> reported on Tuesday a 12.6% drop in second-quarter core earnings, citing the crisis triggered by the novel coronavirus pandemic, and currency fluctuations.
The group’s earnings before interest and tax (EBIT) came in at 235 million Swiss francs (197.71 million pounds), below the 269 million francs a year earlier, as sea freight, the largest part of the group’s business, fell 28.5% due to reduced shipping volumes.
(Reporting by Bartosz Dabrowski in Gdansk; Editing by Muralikumar Anantharaman)
