logo
Plus   Neg
Share
Email
Comment

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
Tech giants Amazon.com, YouTube and Twitter as well as Verizon Communications are exploring bids for digital streaming rights to the National Football League or NFL's Thursday Night Football package, according to media reports. The NFL is likely to strike a multi-year deal for the digital streaming rights. However, the television audience for the NFL has declined for two consecutive years. Wynn Resorts Ltd. said Friday that former Chief Executive Officer Steve Wynn is not entitled to any severance payment of other compensation from the company. Wynn resigned last week as CEO and Chairman of the board following allegations of sexual misconduct. In a regulatory filing, Wynn Resorts said it entered into a separation agreement between Steve Wynn, and Wynn Resorts Holdings LLC. Beverages giant Coca-Cola Company on Friday reported a net loss for the fourth quarter, reflecting a one-time charge related to the U.S. tax reform and a double-digit decline in revenues. However, adjusted earnings per share matched analysts' expectations, while revenues beat their estimates. The company's shares are rising more than 2 percent in pre-market activity.
comments powered by Disqus
Follow RTT