Maersk revises up profit guidance on exceptional first quarter -Breaking
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© Reuters. FILEPHOTO: On February 11, 20,22, a truck pulling a Maersk shipping box drives by Poolbeg Generating Station. It is owned and operated by the Electricity Supply Board. REUTERS/Clodagh KilcoyneCOPENHAGEN, (Reuters) – Shipping company Maersk announced Tuesday that operating profit for its first quarter was higher than expected and provided guidance for the entire year. This is due to high container freight rates.
In the first three month of this year, revenue was $19.3 billion. However, underlying earnings before tax, interest, amortisation and depreciation (EBITDA), were $9.2 billion.
Guidance was adjusted upwards for the whole year, with an expected underlying EBITDA of $30 billion as against $24 billion.
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