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Boxes lift Maersk's Q1 profit 62%

Revenues up 0.9% to US$11.7b, short of US$12b forecasts
Thursday, May 22, 2014 - 06:00

[COPENHAGEN] Danish shipping and oil conglomerate A.P. Moeller-Maersk reported yesterday a 62 per cent rise in quarterly profit as it shipped more containers but for a lower average price.Net profit for the group rose in the first three months of the year to US$1.15 billion from US$710 million,