logo
Share SHARE
FONT-SIZE Plus   Neg

Hamburger Hafen Und Logistik 2011 Profit After Tax Climbs - Quick Facts

Hamburger Hafen und Logistik AG (HHULY.PK,HHULF.PK) said its 2011 profit after tax was up to 118.8 million euros from 113.9 million euros last year.

Earnings per share amounted to 1.20 euros for the listed Port Logistics subgroup in 2011, a year-over-year increase of 20.2 percent.

Revenue grew by 14.0 percent year-over-year to 1.22 billion euros. Container throughput rose 21.3 percent to 7.1 million standard containers, or TEU, while container transport went up 11.3 percent to 1.9 million TEU.

Klaus-Dieter Peters, Chairman of HHLA´s Executive Board, said, "...Given the growth in surplus capacity at the terminals of rival ports in Northern Europe, the difficult situation for container shipping as a whole and the protracted delay in the dredging of the river Elbe's navigation channel, this is a remarkable achievement."

Based on the events of the year to date and current market estimates, it is expected that 2012 will see a substantial decline in global economic growth and with it, a slowdown in global trade and container handling. Going forward, for the 2012 financial year, HHLA expects its container throughput, revenue and results to grow in the region of 5 percent.

Further, a proposal will be made at the 2011 Annual General Meeting to pay out a dividend of 0.65 euros per Class A share. This corresponds to a dividend pay-out ratio of 54.1 percent and an increase of 18.2 % compared with the previous year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations. Google is planning to significantly expand a carpool service on its navigational app Waze, according to a report in the Wall Street Journal. The move indicates the company is edging closer to a potential clash with ride-hailing service Uber Technologies Inc.
comments powered by Disqus
Follow RTT