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Huge 3Q for CMA CGM

Ocean

Tuesday, November 20, 2012

The liner carrier CMA CGM said Tuesday it had $617 million in operating profits in the third quarter of 2012, while revenue increased 9 percent year-on-year to $4.2 billion. For comparison, the line sustained a $224 million operating loss in the comparable quarter of 2011. CMA CGM, which is privately held, releases quarterly operational profit in terms of earnings before interest, tax, deprecation and amortization (EBITDA), whereas American Shipper typically reports operational pro...

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