News / CMA CGM 'outperforms the industry' as Q2 profits hit $227m

Copyright: Port of LA

CMA CGM posted a net profit of $227m for the second quarter of the year, turning around a loss of $127m in the same period of 2016, with the assistance of a “significant” contribution from subsidiary APL.

The French carrier was the last of the liner majors that publish results to report its Q2 performance and it was the third full quarter to include figures from Singapore-based APL.

Total revenue was up 56.8% to $5.55bn, volumes increased 33.3% to 4.73m teu and reduced the number ...