Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Register
To receive FREE breaking news email alerts for Hamburger Hafen Und Logistik Ag and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.