Hapag-Lloyd suffers US$111m loss
Hapag-Lloyd has reported a €99.3m (US$111m) loss in the second quarter of 2016 as its revenue dropped by 21% year-on-year.
The company’s loss in the three months ending on June 30, which compares to a €29m (US$32.4m) profit registered in the same period of 2015, lead to an overall US$142m loss in the first half of the year.
In the second quarter of 2016, the group’s revenue went down to €1.9bn (US$2.1bn) from €2.4bn (US$2.7bn) recorded in the same period of 2015.
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