logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
Follow RTT