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CMA CGM enjoys profitable 2Q

Monday, September 10, 2012

The world's third largest liner carrier CMA CGM said Monday it had first-half operating profits of $104 million, aided by a $392 million operating profit in the second quarter. The line saw large increases in revenue and volume in the second quarter, while operating expenditure stayed relatively flat, Group Chief Financial Officer Michel Sirat said in a conference call with reporters Monday. Revenue rose 12 percent year-on-year in the second quarter to $4.1 billion, w...

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