Maersk reports a ‘quarter of solid progress’ as profits rise

Maersk Group recorded an underlying net profit of $134m in the second quarter of the year, compared with just $15m in the same period last year, which the company attributes to an improved performance by its liner division.
“Q2 was a quarter of solid progress. Ebitda was up 17% and cash flow improved 86%, year on year, driven by continued recovery in Ocean,” said chief executive Soren Skou.
Revenue for Q2 edged …

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Source: The Loadstar

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