Ann: Half Yearly Report and Accounts, page-78

It's funny how TNT could quite confidently satisfy all the criteria to be classified as a non-profit organisation, so far at least, whilst at the same time having achieved all their goals with regards to increasing their annual revenue rate, $40m then $100m and then $200m. It really takes some considerable skill to grow the costs at exactly the same rate as revenues, over a period of several years. Crappy business model though, and not much value being generated for investors.

All IMHO, DYOR