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APM Terminals pleased with its bottom line

Maersk's port business finished the first quarter with USD 166 million on the bottom line, a decline compared to the first quarter 2012. "Terminals had an OK quarter," says Maersk Group CEO Nils Smedegaard.

Photo: APM Terminals

The first quarter of the year brought a decline from the USD 226 million in the same period last year, where the results were boosted significantly by the sale of Maersk Equipment Service Company Inc., USA (MESC).

And that's one of the reasons for the decline in the first quarter 2013, which resulted in profits of USD 166 million.

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