*NEWS*KINKO’s SLIGHT 2ND Q. REVENUE RISE

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*NEWS*KINKO’s SLIGHT 2ND Q. REVENUE RISE

 user 2007-12-28 at 12:33:00 pm Views: 57
  • #19127

    Kinko’s posts slight Q2 revenue rise
    December 2007 – Memphis, TN, USA FedEx Services, which includes the operations of FedEx Kinko’s and FedEx Global Supply Chain Services, has reported a revenue increase of 1 percent year over year.The firm said growth in package acceptance fees and revenue generated from newFedEx Kinko’s locations “more than offset” lower copy product revenues.Kinko’s opened 83 new centres during Q2 as part of its plan to add 300 new centres this fiscal year. However, the company will slow the rate of expansion of new locations in fiscal 2009.Results for the FedEx group as a whole saw a revenue rise of $9.45 billion, up 6 percent from $8.93 billion the previous year. Net income of $479 million, was down 6 percent from last year, with a decline in the operating margin put down to the net impact of substantially higher fuel costs and continued weakness in the US economy.