CMA CGM will carry on investing after 'solid' Q1, despite unclear outlook
CMA CGM’s shipping line was exactly in line with the average market growth in Q1, ...
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PSA International recorded a bounce in both revenues and volumes last year – but not enough to prevent a post-tax profit drop.
The port operator handled 81m teu over the 12-month period, up just shy of 10% on 2017, with its Singapore terminals responsible for more than a third (36m teu, up 8.9%).
This in turn generated some $4bn in revenue (up 3%), but post-tax net profit fell 2.3% from $1.23bn to $1.2bn.
Group chairman Fock Siew Wah pointed to global economic headwinds ...
Comment on this article
David Taylor
March 22, 2019 at 4:05 pmThe article is incorrect with respect to the date of the acquisition of DCT. The article states the acquisition was 1 year ago – the announcement was made only 3 days ago.
Gavin van Marle
March 22, 2019 at 6:44 pmYou are correct David. Our apologies, the article has been amended.
Kind regards,
Gavin
David Taylor
March 22, 2019 at 10:44 pmThanks Gavin.