News / Maersk reports a 'quarter of solid progress' as profits rise

Maersk Group recorded an underlying net profit of $134m in the second quarter of the year, compared with just $15m in the same period last year, which the company attributes to an improved performance by its liner division.

“Q2 was a quarter of solid progress. Ebitda was up 17% and cash flow improved 86%, year on year, driven by continued recovery in Ocean,” said chief executive Soren Skou.

Revenue for Q2 edged up by 0.6% on the year before, to $9.63bn, of ...