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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.Moller-Maersk sees Q4 earnings hit nearly $1BN
February 22, 2013 @ 3:30 am
COPENHAGEN, Denmark (AP) - Denmark's shipping and oil group A.P. Moller-Maersk says its fourth-quarter earnings reached 5.5 billion kroner ($975 million) thanks to improved rates and unit costs in its container unit, which is the world's largest.
The Copenhagen-based group, owner of the Maersk Line, says revenue for the three-month period ticked up nearly 3 percent on an annual basis to 84.8 billion kroner ($15 billion).
Maersk, which is seen as a bellwether for international trade, says full-year profits for 2012 rose 6 percent to 342 billion kroner ($60 billion), while revenue soared 23 percent to 23.4 billion kroner.
CEO Nils S. Andersen described the result as "satisfactory" in a Friday statement, though he said there was uncertainty for this year due to slow growth and overcapacity in the shipping industry.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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