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Fedex profits fall
20th July 1989, Page 7
20th July 1989
Page 7
Page 7, 20th July 1989
— Fedex profits fall
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• Federal Express increased its worldwide turnover by 33% to £3.27 billion in the year to the end of May, but pre-tax profits fell slightly to .2187.6 million. Chief executive Frederick Smith says; "Although we are not satisfied with the financial performance of our international operations, the additions to the global network accomplished this year will be of key importance as Federal Express solidifies its position."