TNT reported a 32.3% drop in third-quarter net profit to €113 million ($142.5 million), with its Express unit's EBIT declining 23.8% to €99 million. Overall revenue grew just 1.5% to €2.69 billion while Express revenue rose 2.3% to €1.66 billion. The Dutch delivery giant revised its revenue outlook for full-year 2008 downward to "mid-single-digit" growth. CEO Peter Bakker said TNT's European Express business "significantly worsened in September and the first weeks of ...

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