TNT Express, whose $7 billion takeover by United Parcel Service (UPS) was blocked last month, reported a fourth-quarter loss Monday and said it was looking to sell troubled businesses in Brazil and China.

The collapse of the UPS deal leaves the Dutch express delivery firm having to confront a weak European market on its own.

The company reported a net loss for the final quarter of 2012 of 148 million euros ($197.59 million), down from a loss of 173 million euros a year ago on flat revenue of 1.86 billion euros.

Analysts had on average forecast a net profit of 32.2 million euros on revenue of 1.886 billion euros.