Arab Today, arab today maersk third quarter profit rises maintains annual outlook
Last Updated : GMT 05:24:37
Arab Today, arab today
Arab Today, arab today

Maersk third quarter profit rises, maintains annual outlook

Arab Today, arab today

Arab Today, arab today Maersk third quarter profit rises, maintains annual outlook

Shipping expert on Maersk Line's 'surprising' profits
Copenhagen - XINHUA

 Danish oil and shipping group A.P. Moeller-Maersk posted a rise in third quarter net profit on Tuesday, and maintained its annual guidance for the full-year 2014.
The group made net profit of 1.5 billion U.S. dollars for the third quarter 2014, up 25 percent from 1.2 billion dollars for the same period last year, the company said in a financial statement.
Revenue stood at 12.17 billion dollars in July to September 2014, up 0.7 percent from 12.08 billion dollars year-on-year.
Maersk said the result for the third quarter was positively impacted by divesting activities in the terminals and drilling businesses.
"We are very satisfied with the result for the third quarter of 2014 ... We are well positioned to take advantage of opportunities materializing in a volatile macroeconomic environment," the group CEO Nils S. Andersen said in the statement.
For the full year, Maersk Group maintained its outlook for net profit to be at around 4.5 billion dollars, when excluding discontinued operations, impairment losses and divestment gains.
Maersk Line, the group's container-shipping arm, made 685 million dollars profit in the third quarter 2014, up from 554 million dollars for the same period last year, owing to lower costs and an increase in the average freight rate.
Maersk Group's oil production arm saw profits up from 189 million dollars to 222 million dollars in the third quarter 2014, thanks to a 4 percent increase in its share of production as well as lower exploration costs partly offset by lower average oil price.
The group's terminals and drilling businesses also reported profit of 345 million dollars and 192 millions dollars respectively in the third quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today maersk third quarter profit rises maintains annual outlook Arab Today, arab today maersk third quarter profit rises maintains annual outlook

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today maersk third quarter profit rises maintains annual outlook Arab Today, arab today maersk third quarter profit rises maintains annual outlook

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday