Denmark's Maersk 2012 revenue down 2%
Date
2/24/2013 12:05:07 AM
(MENAFN) A.P. Moller-Maersk CEO, Nils Smedegaard Andersen, announced that the shipping and oil firm's revenue for 2012 fell by 2 percent to USD59 billion from USD60.2 billion, reported Xinhua News.
Andersen said that net profit for the year reached USD4 billion, whereas pre-tax profit plunged by 22 percent to USD7.3 billion from USD9.4 billion.
Meanwhile, the Danish company's container shipping division Maersk Line posted a profit of USD461 million, compared with a shortfall of USD553 million a year earlier.
Furthermore, the average freight rates in 2012 rose by 1.9 percent, while volumes went up by 5 percent.
Profit of Maersk Oil edged up to USD2.4 billion from USD2.1 billion in 2011, even though the unit's oil and gas output dropped by 23 percent.
It is worth noting that Maersk's drilling unit's profit dived by 26 percent from 2011, reaching USD359 million.
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