Maersk Raises Forecast as Rates Help Earnings Recover
This article is for subscribers only.
A.P. Moeller-Maersk A/S, the owner of the world’s largest container-shipping line, raised its full-year earnings forecast after increases in freight rates and global trade helped the company restore first-half profit.
Net income in the first six months of the year was 13.4 billion kroner ($2.31 billion) compared with a 3.67 billion-krone loss a year earlier, the Copenhagen-based company said today in a statement. That beat the 8.22 billion-kroner average estimate of four analysts surveyed by Bloomberg. Sales rose 20 percent to 154 billion kroner.