News / CMA CGM says profits rocketed by 187% in Q3, amid rumours of OPDR takeover

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CMA CGM today reported a third-quarter year-on-year increase in net profits of 187% on the back of increased volumes, higher revenues and decreased operating costs.

The world’s third largest container carrier reported a net profit of $201m on revenue of $4.37bn, an increase of 6.4% compared with the same period last year. It carried 3.2m teu during the quarter, a year-on-year increase of 8.3%, with unexpectedly strong Asia-Europe volumes during this summer’s peak season a key factor.

The company said average freight ...