Damco has grown in 2012 which is reflected in the company’s results showing a turnover growth of 19 percent compared to 2011 reaching USD 3,272 million whereas the company’s profits dropped by 4 percent from USD 97 million to USD 93 million.
According to Damco, the drop in profits is a result of worsened market conditions, increased costs to the implementation of new business areas, a restructuring of the company’s European structure and the relocation of the headquarter from Copenhagen to The Hague.
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