Maersk Line slashes profit expectation by US$600m
The Maersk Group announced on Friday (October 23) that it expects to make US$600m less profit in 2015 than it had predicted a few months ago.
The group said that it’s shipping line subsidiary Maersk Line would make US$1.6bn in profit this year, instead of the US$2.2bn it had previously predicted.
The group as a whole therefore is predicted to make only US$3.4bn instead of US$4bn. Its share price fell after the news was announced.
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