CMA CGM profit sharply lower

PO Management

Tuesday, August 30, 2011

CMA CGM, the world's third-largest container liner company, said it had profit of $237 million in the first half of 2011, 72 percent less than the $849 million earned in the first half of 2010. The company had earnings before interest and tax of $592 million in the first half of the year, 33 percent less than the $887 million earned in the first half of 2010. Revenue for the French shipping company amounted to $7.31 billion, 8 percent more than the $6.77 billion in th...

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