Damco expects 4th quarter improvement

A.P. Moeller-Maersk's logistics company Damco finished the 2nd quarter 2013 with a deficit of USD 8 million, compared to a profit in the same period last year. The company expects an improvement in the 4th quarter.

BY KATRINE GRØNVALD RAUN

Maersk-owned logistics company Damco achieved a revenue of USD 758 million in the second quarter 2013, around the same level as the 2nd quarter 2012. The result after taxes came to a deficit of USD 8 million, compared to a profit of USD 28 million in the same period 2012.

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