Maersk Back to Profit Making
The world’s largest container shipping company AP Moller-Maersk, has returned to profit for the first half of the year, thanks to a recovery in container volumes. The group reported a net profit of 14.15bn Danish kroner (2.44bn, £ 1.57bn), with a turnover of 20%.
In the same period a year ago it had a loss of 3.02bn crowns reported. Meanwhile, DP World, the container port business owned by investment group Dubai World, also saw profits rise by 10%. DP World reports first half net profit of $ 206m (£ 133m), from $ 188 million in the first six months of 2009. And it said it expects better results in the second half of the year as a terminal benefit of “seasonal flows”.
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