News / APMM reports $120m profit in Q4 18, but has no high hopes for new year

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AP Møller Maersk recorded an underlying profit of $120m in the fourth quarter of 2018, to take its full-year profit to $220m.

But the Danish transport and logistics group is pessimistic in its outlook.

Chief executive Soren Skou said the “disappointing” 1-3% growth projection for 2019 was due to “uncertainties related to global macro outlook”, including trade tensions, the downturn in China and Europe, IMO 2020 and potential fallout from Brexit.

“Two months into the year and there is a lot of uncertainty ...