Maersk's Q3 earnings rise 21% from a year ago to 6.7B Danish kroner amid strong results from its terminal, container shipping, drilling activities; revenue down 6% to 82.1B kroner

Cindy Allen

Cindy Allen

Nov 13, 2013 – Associated Press

November 13, 2013 () – Denmark's AP Moller-Maersk says Q3 profit rises by 21 pct, raises full-year forecast

Denmark's shipping and oil group A.P. Moller-Maersk says its profits rose by 21 percent in the third quarter amid strong bottom-line results from its terminal, container shipping and drilling activities.

The Copenhagen-based group says net profit increased to 6.7 billion Danish kroner ($1.2 billion) from 5.6 billion kroner a year earlier and raised its earnings forecast for the full year to $3.5 billion from $3.3 billion.

Revenue dropped by 6 percent to 82.1 billion kroner from 87.3 billion kroner, partly due to lower container freight rates and lower share of oil production.

It said most of its businesses performed well, except Maersk Oil which saw its profits fall due to a lower share of production from its fields.

© 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.