logo
Share SHARE
FONT-SIZE Plus   Neg

Hamburger Hafen Und Logistik Q1 Profit Down - Quick Facts

Hamburger Hafen Und Logistik AG, or HHLA, (HHULY.PK,HHULF.PK) posted first quarter profit after tax of 19.1 million euros versus 25.1 million euros a year ago.

The result of lower earnings quality and pollution from a terminal reorganization in the container segment, operating income, EBIT fell 22.6 percent year-over-year to 34.0 million euros.

Revenues were down to 286.8 million euros from 289.8 million euros in the prior-year quarter.

"We started with an unsatisfactory operating results in fiscal 2012. This was due above all a number of factors that negatively impacted earnings in the segment container. We remain confident, however, increase during the year, our operating profitability and achieve an operating profit of at least 200 million euros..," HHLA CEO Klaus-Dieter Peters said at the presentation of the interim report for January HHLA by March 2012.

For the full year 2012 HHLA aims, given the structural changes due to the realignment of its Intermodalaktivitäten and the changes in the consolidation among companies in the Fruit Logistics now has a consolidated turnover of 1.1 billion euros and an operating profit (EBIT) at the group level of at least 200 million euros.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Wells Fargo's two former employees have filed a lawsuit against the bank, seeking $2.6 billion, on behalf of employees affected amid the unauthorized accounts scandal. The plaintiffs are seeking class-action status for the lawsuit. Former employees Alexander Polonsky and Brian Zaghi accuse Wells Fargo of wrongful termination. Tech entrepreneur Elon Musk unveiled plans for his space transport company SpaceX to build a rocket and spacecraft designed to start a self-sustaining city on Mars. The planned rocket system would be capable of taking people to Mars and supporting a permanent city on the red planet that could be achieved within 40 to 100 years. Amazon.com Inc. is launching free same-day delivery for its Prime members in Toronto and Vancouver as the busy holiday shopping season is fast approaching. Starting Tuesday, the online retailer will offer free same-day deliveries on orders over $25 of one million items in Toronto and 700,000 items in Vancouver. These items ranges from everyday household goods to toys, electronics and luggage.
comments powered by Disqus
Follow RTT