According to its preliminary annual result, incorporating seven months of merged UASC business, Hapag-Lloyd achieved an operating result (ebit) of $464m in 2017, compared with just $140m the year before.
And at ebitda (earnings before interest, tax, depreciation and amortisation) level, the company’s result almost doubled, from $671m to $1.2bn.
But the German carrier is unlikely to show much improvement on its modest nine-month $8m net profit when its full results are released on …

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Source: The Loadstar