Maersk has released its first quarter results for 2014, announcing a profit of US$1.2 billion and a return on invested capital of ten per cent.
The group's EBDITA of just over US$3.0 billion was an eight per cent increase year-on-year, with profit for the period by over 50 per cent compared to 2013.
"The group delivered a satisfactory result for the first quarter," commented Maersk Group CEO Nils Andersen.
"Net profit improved by 51 per cent, driven by all five business units except for Maersk Drilling, which delivered as expected in a quarter with two yard stays and intake of two new rigs.
Mr Andersen also noted the performance of other company divisions, with Maersk Oil continuing its production increase, with Gryphon and El Merk returning to full production.
APM Terminals, meanwhile, increased volumes and Maersk Line was positively influenced by high utilisation and continued cost reductions.
{WISroYQ symbol='MAERSK-A.CO'}
{WISroYQ symbol='MAERSK-B.CO'}
