UPS reported 2006 net income of $4.2 billion, an 8.6% increase over a $3.87 billion profit in the prior year, on an 11.7% rise in revenue to $47.55 billion. Expenses grew 12.3% to $40.91 billion, leading to an operating profit of $6.64 billion, up 8%. "We anticipate another good year in our global small package business [in 2007] despite a slowing US economy," Vice Chairman and CFO Scott Davis said. "We're encouraged by the opportunities we see for our company around the globe."
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