Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here 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
Reserve Bank of Australia Governor Glenn Stevens kept the foreign exchange intervention plan open to build up confidence and bring the stubbornly high currency to lower levels."The exchange rate, another channel through which monetary policy usually has an effect, is probably not doing as much as it might usually be expected to do in achieving balanced growth," he said in his opening statement. Stocks turned in another strong performance during trading on Tuesday, extending the upward trend seen over the past several sessions. The gains on the day once again lifted the tech-heavy Nasdaq to a new fourteen-year closing high. President Barack Obama revealed Monday that he is dispatching Attorney General Eric Holder to Ferguson, Missouri, amid ongoing violence in the St. Louis suburb. Obama said Holder will travel to Ferguson on Wednesday to meet with the FBI agents and Justice Department personnel conducting an investigation of the shooting death of Michael Brown.
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.