German logistics firm Hamburger Hafen und Logistik AG or HHLA, (HHULY.PK, HHULF.PK) reported that its first-quarter profit after tax and minority interests rose 48.1% to 14.4 million euros from the prior year's 9.7 million euros.
Profit after tax for the quarter increased to 22.3 million euros from last year's 19.1 million euros.
Revenue for the quarter declined 2.7% to 279.0 million euros from the prior year's 286.8 million euros last year, following the realignment of the Intermodal segment in the previous year.
HHLA reported growth of 5.0 % in its container throughput, despite a difficult market environment, compared to the low base level of the first quarter of 2012. This was largely due to a 6.7 % increase in Asian traffic, a 7.4 % increase in feeder traffic to the Baltic ports and a significant rise in throughput volume at the HHLA Container Terminal Odessa.
For 2013, HHLA still expects Group revenue of between 1.1 billion euros and 1.2 billion euros. HHLA still anticipates an operating result (EBIT) of between 155 million euros and 175 million euros.
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