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AP Moeller Maersk Posts Rise In Q1 Profit

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AP Moeller Maersk A/S (OTC: AMKBF) reported a 30 percent gain in its net profit for the first quarter and confirmed its outlook for the full year.

AP Moeller Maersk's quarterly net profit surged to $1.57 billion, versus a year-ago profit of $1.21 billion.

Its revenue slipped to $10.55 billion from $11.74 billion.

Underlying profit surged to $1.32 billion, from $1.12 billion.

Maersk Line's revenue slipped 3.2 percent to $6.25 billion, while Maersk Oil revenue fell 41.6 percent to $1.43 billion. APM Terminals revenue rose 4 percent to $1.14 billion.

Posted-In: profitEarnings News Guidance

 

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