CMA CGM saw operating profit drop in 1st quarter

French container carrier CMA CGM finished the quarter with an operating profit before interests of USD 186 million, or 7.4 percent less than the same period last year.

Jacques R. Saadé, CEO og Rudolphe Saadé. | Photo: CMA CGM

French CMA CGM, the world's 3rd largest container carrier and future partner of Maersk Line and MSC in the planned P3 alliance, finished the 1st quarter 2014 with a result before interests (EBIT) of USD 186 million, compared to USD 201 million in the same quarter last year.

This development represents a 7.4 percent decline, according to the carrier's interim report, published Monday, which also announces the appointment of a new senior executive.

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