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CMA CGM Group reports profit of above USD 500 million

French container and logistics group CMA CGM delivers a third quarter profit of more than USD 500 million. The group projects an even stronger operating profit for the fourth quarter.

CMA CGM Chief Executive and Chairman Rodolphe Saadé. Photo: PR / CMA CGM
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CMA CGM Group reports a net profit of USD 567 million for the third quarter 2020, a significant improvement from the same period last year, where the profit came to USD 45 million, shows the container major's interim report, published Friday.

The operating profit for the quarter came to USD 1.7 billion, up USD 700 million compared to the third quarter 2019.

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