AP Moller-Maersk says 1Q Profit nearly triples due to Higher Oil Prices and Freight Rates
16.05.2008
Denmark's container-shipping company AP Moller-Maersk A/S said Thursday that first-quarter net profit nearly tripled, news that sent its shares up more than 7 percent.
The Copenhagen-based group said net earnings for the period increased to US $1.05 billion (¤680 million) from US $390 million a year ago, thanks to higher revenues...