Freight forwarder Kuehne & Nagel group has reported a 9.2 per cent rise in net profit to 32 million Swiss francs (about HK$204 million) for the six months to June, compared with 29.3 million francs in the previous period. Turnover fell 2 per cent to 2.45 billion francs from 2.5 billion. A company statement said the group's ocean freight, logistical services and air freight were the most successful divisions. 'Except for the European over-land activities, which in the face of fierce competition suffered a 3 per cent decrease, the other divisions too achieved gross increases,' the company said. During the second half of the year, the group was confident about reaching its profit target for the year of 61 million francs provided the business was not burdened by negative events. The company's investments included fixed assets of 44.4 million francs. Of that figure, 14.3 million francs went into a container terminal in Rotterdam, 15.1 million francs into logistics terminals in Belgium, Britain, Latvia and Luxembourg, 4.9 million francs into computer hardware and 10.1 million francs into operating and office equipment. The balance went into financial investments of 24.8 million francs. The group also bought the remaining 49.4 per cent of the shares of Stute Verkehrs-GmbH of Bremen. It also acquired a Copenhagen company, DAL Speditions A/S, which operates an associated company in Tanzania.