Monday, March 31, 2014

CMA CGM - did they really increase profit?

The initial headlines hitting the press today are claiming  (as reports the JOC)  " CMA CGM's Net Profit Soars on sale of Port Unit Stake".   But is this true?

The Loadstar takes a much closer look at the reports, and concludes this

However, excluding the asset sale, CMA CGM’s underlying profit tanked by 26.9% against the previous year, to an earnings before interest and tax [EBIT] result of $756m.

click here for link to complete article which is worthwhile

1 comment:

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